Friday, August 29, 2014 10:06:45 AM
Consumer Sentiment
Released On 8/29/2014 9:55:00 AM For Aug, 2014
Prior Consensus Consensus Range Actual
Sentiment Index - Level 79.2 80.5 79.6 to 82.0 82.5
Market Consensus before announcement
The Reuter's/University of Michigan's consumer sentiment index for early August slipped 2.6 points to 79.2. The expectations component fell 5.6 points to 66.2 which was the lowest reading since the government shutdown of October. Given the improvement in the labor market, not to mention the decline in gas prices, the reason for the decline was unclear. A clear positive in the report was a 2.2 point gain in current conditions to a recovery high of 99.6 which offers an early hint of monthly strength for consumer activity compared to July.
Released On 8/29/2014 9:55:00 AM For Aug, 2014
Prior Consensus Consensus Range Actual
Sentiment Index - Level 79.2 80.5 79.6 to 82.0 82.5
Market Consensus before announcement
The Reuter's/University of Michigan's consumer sentiment index for early August slipped 2.6 points to 79.2. The expectations component fell 5.6 points to 66.2 which was the lowest reading since the government shutdown of October. Given the improvement in the labor market, not to mention the decline in gas prices, the reason for the decline was unclear. A clear positive in the report was a 2.2 point gain in current conditions to a recovery high of 99.6 which offers an early hint of monthly strength for consumer activity compared to July.
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