Consumer Sentiment in U.S. Fell Less Than Forecast in August

Consumer confidence in the U.S. dropped in August from a six-year high as interest rates rose and tensions in the Middle East intensified.

The Thomson Reuters/University of Michigan final index of consumer sentiment for this month fell to 82.1, a four-month low, from 85.1 in July, which was the highest since July 2007. Economists in a Bloomberg survey called for 80.5, according to the median projection after a preliminary reading of 80.0.