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Reply #36: Consumer Sentiment Index in U.S. Increased in August [View All]

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Ghost Dog Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-13-10 11:56 AM
Response to Reply #1
36. Consumer Sentiment Index in U.S. Increased in August
Confidence among U.S. consumers rose in August, a sign the biggest part of the economy may soon stabilize.

The Thomson Reuters/University of Michigan preliminary index of consumer sentiment climbed to 69.6 following a reading of 67.8 in July that was the lowest since November, the group said today. The gauge was forecast to rise to 69, according to the median of 65 economists in a Bloomberg News survey.


The gauge of current conditions, which reflects Americans perceptions of their financial situation and whether it is a good time to buy big-ticket items like cars, rose to 78.3 from 76.5 in the prior month.

The index of consumer expectations for six months from now, which more closely projects the direction of consumer spending, increased to 64.1 from 62.3.

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