The University of Michigan’s survey of consumer sentiment showed that perceptions of current economic conditions fell in early August despite lower gas prices pushing down headline inflation in July.
The University of Michigan’s survey of consumer sentimentthat perceptions of current economic conditions fell in early August despite lower gas prices pushing down headline inflation in July.
The index of consumer sentiment moved up “very slightly” to 55.1 from 51.5. The index of current conditions fell to 55.5 from 58.1 a month ago. The index of expected conditions rose to 54.9 from the extremely dim reading of 47.3 in July.
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