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US Consumer Sentiment at a seven month high

Friday, Aug 18 2017
US Consumer Sentiment at a seven month high

Consumer sentiment climbed in August to a seven-month high as a measure of the outlook for the U.S. economy and personal finances registered the largest one-month advance since the end of 2011, according to University of Michigan survey data released Friday. Sentiment index rose to 97.6 (est. 94) from 93.4 in July.

Expectations measure jumped to 89 from 80.5 the prior month. 8.5 point increase in consumer expectations biggest since December 2011. Current conditions gauge, which measures Americans’ perceptions of their finances, fell to 111 from 113.4. Half of all consumers in each of the last three Michigan surveys reported that their finances had recently improved, the best reading since 2000, the report showed. Americans were also upbeat about their financial prospects in the year ahead.

Last modified on Sunday, 20 August 2017
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