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Economic Update: University of Michigan’s Consumer Sentiment Index

The preliminary reading for the August University of Michigan’s Consumer Sentiment Index was reported at 73.6, which was above the consensus for 71.9

Note that there are two reports for the Confidence Index each month: Preliminary and Final.

Last 12 months for comparison purposes:

• July: 72.3
  
• June: 73.2
  
• May: 79.3
  
• April: 76.4
  
• March: 76.2
  
• February: 75.3
  
• January: 75.0
  
• December: 69.9
  
• November: 64.1
  
• October: 60.9
  
• September: 59.4
  
• August: 55.7

The Current Conditions component was reported at 87.6, which was above the July reading of 82.7 (June: 81.5, May: 87.2).

Finally, the twelve month Economic Outlook came in at 64.5, below the July reading of 65.6 (June: 67.8).

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Other stories on the US Economy to review:

• Philly Fed Index Upticks but is below Zero Again
  
• Housing Starts Down and Building Permits Up in July
  
• Industrial Production, Capacity Utilization Up in July
  
• Empire Manufacturing Dives in August
  
• CPI Remained Flat in July
  
• Retail Sales Rebound in July
  
• PPI Hotter Than Expected in July
  
• NFIB Small Business Optimism Sags
  
• Wholesale Inventories Decline - And Yes, you should Care
  
• Q2 Worker Productivity and Labor Costs Rise
  
• ISM Services Perks Up
  
• Job Growth Improves in July
  
• Factory Orders Miss Mark in June
  
• Challenger Planned Job Cuts Drop in July
  
• ISM Manufacturing Still Sub-50 in July
  
• ADP Employment Report Surprises to Upside in July
  
• Consumer Confidence Perks Up in July, But...
  
• Chicago PMI Headline BTE, But Employment Dives
  
• Personal Income Up, Spending Flat in June
  
• GDP Slows to 1.5% in Q2
  
• Pending Home Sales Down in June
  
• Durable Goods Up on Transportation Orders

 

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