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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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.