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Economic Buzz: US UoM consumer sentiment deteriorates slightly more than initially estimated in August
01-Sep-2025 08:05
The University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by slightly more than previously estimated in the month of August.

The report said the consumer sentiment index for August was downwardly revised to 58.2 from the preliminary reading of 58.6.

The report said the current economic conditions index slumped to 61.7 in August from 68.0 in July, while the index of consumer expectations dipped to 55.9 in August from 57.7 in July.

On the inflation front, year-ahead inflation expectations jumped to 4.8 percent in August from 4.5 in July, reflecting increases across multiple demographic groups.

Long-run inflation expectations inched up to 3.5 percent in August 3.4 percent in July, rebounding following three straight months of decreases. Preliminary data showed long-run inflation expectations had surged to 3.9 percent.

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