Consumer Sentiment Rises in Final August Reading

Friday, 29 Aug 2014 10:07 AM

 

  Comment  |
   Contact  |
  Print  
|  A   A  
  Copy Shortlink

U.S. consumer sentiment rose in August, while an index of current economic conditions hit its highest since July 2007, a survey released on Friday showed.

The Thomson Reuters/University of Michigan's final August reading on the overall index on consumer sentiment came in at 82.5, up from 81.8 the month before.

It was above the the median forecast of 80.1 among economists polled by Reuters.

"Consumer confidence rebounded in late August due to a positive reassessment of prospects for the national economy," survey director Richard Curtin said in a statement.

"A weakened trend in equity and home prices in the absence of resurgent wages would threaten the modest pace of consumer spending that is now expected."

The survey's barometer of current economic conditions rose to 99.8 from 97.4, marking its highest level since July 2007 and above a forecast of 99.5.

The survey's gauge of consumer expectations slipped for a fourth straight month, to 71.3 from 71.8, marking its lowest level since March but above an expected 67.0.

The survey's one-year inflation expectation fell to 3.2 percent from 3.3 percent, while the survey's five-to-10-year inflation outlook was at 2.9 percent, up from 2.7 percent.

© 2014 Thomson/Reuters. All rights reserved.

  Comment  |
   Contact  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Oil Plunge a Panacea for Much of World Economy

Friday, 28 Nov 2014 10:52 AM

A renewed plunge in oil prices is a worrying sign of weakness in the global economy that could shake governments depende . . .

'Spending Divide' Between Poor and Rich Holiday Shoppers Is Widening

Wednesday, 26 Nov 2014 13:57 PM

Given that the inequality of income is growing, it probably won't surprise you that the same trend is playing out for ho . . .

Strategist Grantham Predicts S&P 500 Will Rise to 2,250 Then Crash

Wednesday, 26 Nov 2014 16:04 PM

The 5½-year bull market for stocks has a bit further to go, but then it's going to collapse, says Jeremy Grantham, chief . . .

Most Commented
Top Stories

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved