Consumer Optimism Weaker in August

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00012580-consumer-optimism-weaker-in-august/

U.S. consumer optimism fell more than expected in August from July due to record gasoline prices at the height of the summer driving season, a report said on Friday.

The University of Michigan said its reading on consumer confidence at the end of August was 89.1, down from a 96.5 final reading for July, according to a source who saw the subscription-only report.

The final August figure was below an initial reading of 92.7, which was what analysts had also expected for the final reading.

For this complete story, please visit Consumer Optimism Weaker in August.

Consumer Optimism Weaker in August

Unknown Author

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