University of Michigan consumer sentiment (final) for August 58.2 vs 58.6 prelim ...Middle East

Prior 61.7Current conditions 61.7 vs 60.9 prelimPrior 68.0Expectations 55.9 vs 57.2 prelimPrior 57.7

1 year 4.8% vs 4.9% prelimPrior 4.5%5 year 3.5% vs 3.9% prelimPrior 3.4%

The data is slightly lower than preliminary estimates and although inflation expectations are still higher than the prior month, they got revised lower.

Surveys of Consumers Director Joanne Hsu notes: "Perceptions of many aspects of the economy slipped. Buying conditions for durable goods subsided to their lowest reading in a year. Expectations for business conditions and labor markets contracted in August as well. That said, expectations for personal finances held steady this month, albeit at relatively subdued levels relative to a year ago."

This article was written by Giuseppe Dellamotta at investinglive.com.

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