Consumer-sentiment index drops in August Posted on Fri, Aug. 26, 2005 Associated Press
NEW YORK - The University of Michigan's full-month report on consumer sentiment showed its index for August at 89.1, down from 92.7 in the preliminary report and 96.5 in July, according to reports.
The median expectation of economists surveyed by Dow Jones Newswires was for a reading of 92.8.
The University's index for consumer expectations was said to have moved to 76.9 in August from 81.3 in the mid-month report and 88.5 in July.
The current-conditions index for August was said to have shown a decrease to 108.2 from 110.4 in the mid-month report. The July level was 113.5.
The University of Michigan report is released only to subscribers.
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