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Economy – US consumer sentiment much better than expected News

Tuesday, August 29th, 2017 | Economy

The indicator collected by the Conference Board rose by 2.9 points to 122.9 points, the private market research institute said in Washington on Tuesday. On average, however, economists had only expected 120.7 points.
The value of the previous month was revised downwards from 121.1 points downwards to 120.0 points. Overall, the indicator is comparatively high, reaching 124.9 points the highest in 16 years.
Consumers evaluated their current situation in August as well as their expectations better than in the previous month. The assessment of the current situation has improved particularly clearly.
(AWP)

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