Preliminary Aug. U. of Mich. Index at 90.4 vs. 90.0 in July

The University of Michigan's preliminary August consumer sentiment index reading was 90.4, compared to the final July 90.0, and the preliminary July 89.5, according to market sources.

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The expectations index was 80.3, compared to the final July 77.8, and the preliminary July 77.1.

The current conditions index was 106.1, compared to the final July 109.0, and the preliminary July 108.7.

Economists polled by Thomson Reuters had predicted a 91.5 reading for the main index, 78.1 for expectations and 109.0 for current conditions.

The five-year inflation expectation index was 2.6%, compared to 2.6% in July, while the one-year inflation expectation index was 2.5%, compared to 2.7% in July.

The University of Michigan index is not released to the press, but only to paying subscribers.


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