The University of Michigan’s preliminary August consumer sentiment index reading was 65.7 compared to the preliminary August reading of 63.2, the final 66.0 reading in July, and 70.8 in June, according to market sources.

Economists polled by Thomson Reuters had predicted a 64.5 reading for the index. The expectations index was 65.0, compared to 62.1 earlier in the month, 63.2 final in July, and 69.2 in June.

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