The final results of the studies submitted by Thomson-Reuters and the Institute of Michigan revealed that in August US consumers feel more pessimistic about the economy than last month.
Consumer sentiment index fell to 89.8 points compared with a reading of 90.0 in July. The index is a leading indicator of consumer sentiment. The indicator is calculated by adding 100 to the difference between the number of optimists and pessimists, expressed as a percentage.
Also the results have shown:
– 12-month inflation expectations + 2.5%, + 2.7% in July.
– 5-year inflation expectations + 2.5% versus + 2.6% in July.
– final expectations index in August was 78.7 compared to 77.8 in July.
– final current conditions index in August was 107.0, which was worse than the value of 109.0 in July.