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Consumer sentiment improves for August

The consumer sentiment index ticked up to 74.3  in August, with inflation expectations rising to 3.6 percent.

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    This chart shows the trajectory of the University of Michigan's Consumer Sentiment Index since 2000. Sentiment is up 33.5 percent from the same time last year.
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Today's final release of the Reuters/University of Michigan Survey of Consumers for August indicated an increase in consumer sentiment from the prior month with a reading of 74.3 and improvement on an annual basis with the level increasing a notable 33.15% above a year ago while one year inflation expectations rose to 3.6%.

The Index of Consumer Expectations (a component of the Conference Board's Index of Leading Economic Indicators) declined to 65.1, and the Current Economic Conditions Index rose to 88.7.

It's important to recognize that consumer sentiment has seriously eroded over the past few months with the current results remaining near levels not seen since 1980, a major indication that consumers are in the process of tightening even further on spending.

The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here.To add or view a comment on a guest blog, please go to the blogger's own site by clicking on paper-money.blogspot.com.

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