The general index of consumer confidence from the University of Michigan was published and it was lower than in July. The expectations of the evolution of prices fell.
The consumer confidence in USA has gone down in August, but the citizens hope that the inflation slow over the next year and beyond, according to a survey.
The preliminary reading of the general index of consumer confidence at the University of Michigan was 71.2 this month, up from 71.6 in July and economists polled by Reuters had expected 71.0.
“In general, the consumers perceived few material differences in the economic environment compared to last month, but saw substantial improvements from just three months ago,” Joanne Hsu, director of Consumer Surveys for the University of California, said in a statement. University of Michigan.
inflation expectations
reading the survey on inflation expectations The one-year rate fell to 3.3% this month, from 3.4% in July, showing stability for three consecutive months.
The inflation outlook five years fell to 2.9%, from 3% the previous month, staying within the narrow range of 2.9%-3.1% it has been in 24 of the last 25 months.
Source: Ambito
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