Preliminary Aug. U. of Mich. index at 97.6 vs. 93.4 in July

The University of Michigan's preliminary August consumer sentiment index reading was 97.6, compared to the final July 93.4, and the preliminary July 93.1, according to market sources.

The expectations index was 89.0, compared to the final July 80.5, and the preliminary July 80.2.

The current conditions index was 111.0, compared to the final July 113.4, and the preliminary July 113.2.

Economists polled by Thomson Reuters had predicted a 94.0 reading for the main index, 81.0 for expectations and 113.3 for current conditions.

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

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

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The Institute for Social Research, which releases the consumer sentiment report, on the campus of the University of Michigan in Ann Arbor, Michigan is seen on March 16, 2004. The University of Michigan said the FBI and college officials are investigating ``the unauthorized access and public release'' of its February consumer sentiment report. The index was published by the Market News International news service before being released to subscribers on Feb. 13, Richard Curtin, director of the university's Institute for Social Research, which compiles the index, said in an interview. Photographer: Brett Mountain/ Bloomberg News. Photo: BRETT MOUNTAIN)

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