By Evan Sully
(Reuters) – U.S. consumer sentiment declined to its lowest level in nearly a decade in August as consumers’ views of their personal financial prospects continued to worsen, a survey showed on Friday.
The University of Michigan said its consumer sentiment index fell to 70.3 in August – the lowest since December 2011 – from July’s final reading of 81.2. Economists polled by Reuters had forecast a reading of 70.7.
August’s final reading was little changed from the preliminary reading of 70.2 earlier this month.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.