15.08.2014 16:00:33

U.S. Consumer Sentiment Index Shows Unexpected Decrease In August

(RTTNews) - Consumer sentiment in the U.S. has unexpectedly deteriorated in the month of August, according to a preliminary report released by Thomson Reuters and the University of Michigan on Friday.

The report showed that the preliminary reading on the consumer sentiment index for August fell to 79.2 compared to the final July reading of 81.8.

The pullback came as a surprise to economists, who had expected the consumer sentiment index to inch up to a reading of 82.3.