US consumer sentiment rose in August

Economic Indicators Dow Jones Newswires

Shoppers ride escalators at the Beverly Center mall in Los Angeles, California November 8, 2013. REUTERS/David McNew/File Photo (Copyright Reuters 2016)

U.S. consumer sentiment increased in the first half of August to its highest level since January, as consumers cited a positive outlook for future economic conditions.

Continue Reading Below

The University of Michigan on Friday said its preliminary reading on overall consumer sentiment during August was 97.6, up from 93.4 in July. Economists surveyed by The Wall Street Journal had expected an August figure of 94.5.

By Josh Zumbrun and Sarah Chaney

 

What do you think?

Click the button below to comment on this article.