University of Michigan Consumer Sentiment Index (August final): 58.2 (forecast 58.6; previous 58.6)
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Current Conditions: 61.7 (forecast 60.8; previous 60.9)
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Expectations: 55.9 (forecast 57.5; previous 57.2)
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1-Year Inflation Expectations: 4.8% (forecast 5.0%; previous 4.9%)
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5–10 Year Inflation Expectations: 3.5% (forecast 3.9%; previous 3.9%)
Although the UoM data reflects survey participants’ expectations over a relatively long time horizon, the anticipated decline in future price pressures may to some extent influence their near-term pricing behaviour.
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