Updated: 16-Aug-19 10:21 ET
| August Univ. of Michigan Consumer Sentiment - Prelim |
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| Updated: 16-Aug-19 10:21 ET |
Highlights
- The preliminary University of Michigan Consumer Sentiment report for August checked in at 92.1 (Briefing.com consensus 97.7) versus the final reading of 98.4 for July. The August number was the lowest reading since January.
Key Factors
- The Current Economic Conditions Index fell to 107.4 from 110.7.
- The Index of Consumer Expectations dropped to 82.3 from 90.5.
Big Picture
- The key takeaway from the report was the finding that apprehension about the economic outlook increased with the Fed's rate cut, which is something that might influence consumers to curtail their discretionary spending activity.
| Category | AUG | JUL | JUN | MAY | APR |
| Sentiment | 92.1 | 98.4 | 98.2 | 100.0 | 97.2 |
| Outlook | 82.3 | 90.5 | 89.3 | 93.5 | 87.4 |
| Present conditions | 107.4 | 110.7 | 111.9 | 110.0 | 112.3 |