by Calculated Risk on 8/17/2012 09:55:00 AM
Friday, August 17, 2012
Consumer Sentiment increases in August to 73.6
Click on graph for larger image.
The preliminary Reuters / University of Michigan consumer sentiment index for August increased to 73.6, up from the July reading of 72.3.
This was above the consensus forecast of 72.0 but still fairly low. Sentiment remains weak due to the high unemployment rate and sluggish economy - and rising gasoline prices probably aren't helping.