Consumer Sentiment in U.S. Increases by Less Than Forecast
- Confidence restrained by a drop in gauge of present conditions
- Weaker views on personal finances paced by younger Americans
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Consumer confidence in the U.S. rose less than forecast in August, reflecting a pullback in views on personal finances among younger Americans.
The University of Michigan’s preliminary index of sentiment climbed to 90.4 from a three-month low of 90 in July, according to a report Friday. The median projection in a Bloomberg survey called for a reading of 91.5, with estimates ranging from 89 to 93.1.