U.S. consumer sentiment slips slightly in August

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U.S. consumer sentiment fell modestly in August, as inflation expectations worsened slightly, a survey showed on Friday...

The University of Michigan's final August reading on the overall index of consumer sentiment came in at 69.5 on Friday compared to 71.6 in July, and lower than a preliminary reading earlier in the month..

"While buying conditions for durables and expectations over living conditions both improved, the long-run economic outlook fell back about 12% this month but remains higher than just two months ago," Joanne Hsu, the director of the University of Michigan's Surveys of Consumers, said in a statement...

Full story at Economic Times | 

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