(University of Michigan) US Consumer Sentiment Index fell by 13.4% in late August from July as individuals grew concerned about personal financial prospects.
On a year over year basis, consumer sentiment index was down 5.1%
A gauge on current economic conditions fell by 7.1% from July. The index was down 5.3% year over year.
The Index on Consumer Expectations fell 17.6% from July, with the gauge down 5.0% year over year.
The consumer sentiment was weighed down by the ongoing delta variant spread, slow wage growth, higher inflation, and smaller falls in unemployment.
The fall in consumer confidence also reflected diminished hopes of a return to normal economy following the sustained ravaging by the pandemic.
DJI is up +0.64%, DXY is down -0.30%.
