Economics
Surge in Expectations Drives Gain in U.S. Consumer Sentiment
Customers shop at a Home Depot Inc. store in New York, U.S., on Friday, Aug. 11, 2017. Home Depot Inc. is scheduled to release earnings figures on August 15.
Photographer: Victor J. Blue/BloombergThis article is for subscribers only.
Consumer sentiment climbed in August to a seven-month high as a measure of the outlook for the U.S. economy and personal finances registered the largest one-month advance since the end of 2011, according to University of Michigan survey data released Friday.
Half of all consumers in each of the last three Michigan surveys reported that their finances had recently improved, the best reading since 2000, the report showed. Americans were also upbeat about their financial prospects in the year ahead.