- Prior 61.7
- Current conditions 61.7 vs 60.9 prelim
- Prior 68.0
- Expectations 55.9 vs 57.2 prelim
- Prior 57.7
Inflation expectations:
- 1 year 4.8% vs 4.9% prelim
- Prior 4.5%
- 5 year 3.5% vs 3.9% prelim
- Prior 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.