Economics
US Consumer Sentiment Rises to Three-Month High, Topping Forecasts
- Year-ahead inflation expectations fall; edge up longer-term
- University of Michigan sentiment index at 55.1 from 51.5
Shoppers in San Francisco, California, US.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
US consumer sentiment rose in early August to a three-month high on firmer expectations about the economy and personal finances.
Inflation expectations were mixed, with consumers boosting their longer-term views for prices slightly, while reducing their year-ahead outlook for costs.