US consumer sentiment improved in August from early summer lows

US consumer confidence improved in early August, continuing to climb from a record low earlier this summer as inflation expectations improved.

August’s preliminary estimate of the University of Michigan’s Consumer Sentiment Index, which tracks consumer attitudes about the state of the economy, rose 3.6 index points to 55, 1 against 51.5 in July. Consumer confidence has risen since falling to 50 in June, the lowest reading on record since 1952.


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