Prior 61.7Current conditions 61.7 vs 60.9 prelimPrior 68.0Expectations 55.9 vs 57.2 prelimPrior 57.7
Inflation expectations:
1 year 4.8% vs 4.9% prelimPrior 4.5%5 year 3.5% vs 3.9% prelimPrior 3.4%
The data is slightly lower than preliminary estimates and although inflation expectations are still higher than the prior month, they got revised lower.
Surveys of Consumers Director Joanne Hsu notes: “Perceptions of many aspects of the economy slipped. Buying conditions
for durable goods subsided to their lowest reading in a year. Expectations for business conditions and labor markets contracted in
August as well. That said, expectations for personal finances held
steady this month, albeit at relatively subdued levels relative to a
year ago.”
This article was written by Giuseppe Dellamotta at investinglive.com.