The University of Michigan consumer sentiment for the US dropped to 58.2 in August of 2025 from the five-month high of 61.7 in the previous month, revised down from the preliminary estimate of 58.6 and well under the initial market expectations of 62.
It was the first drop in the sentiment gauge in four months, mainly due to growing inflation concerns and sharply worse buying conditions for durable goods, which fell to their lowest in one year.
Expectations on overall business conditions and the outlook on the US labor market also deteriorated, although expectations on personal finances were loosely stable.
Year-ahead inflation expectations rose by 0.3 percentage points to 4.8%, in line with earlier increases this year on the imposition of aggressive tariffs on major trading partners.
Source : Trading Economics
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