Consumer sentiment in the U.S. has unexpectedly deteriorated in the month of August, according to a preliminary report released by Thomson Reuters and the University of Michigan on Friday.
The report showed that the preliminary reading on the consumer sentiment index for August fell to 79.2 compared to the final July reading of 81.8.
The pullback came as a surprise to economists, who had expected the consumer sentiment index to inch up to a reading of 82.3.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.