Consumer sentiment is on its eight month nadir in the United States

The University of Michigan’s consumer sentiment for the United States was revised up to 93.4 from a preliminary of 93.1 in July of 2017 and compared to 95.1 in June.

Still, it is the lowest reading since October of 2016 as the future expectations declined, although less than previously estimated, while barometer of current conditions rose further. Consumer Confidence in the United States averaged 86.10 from 1952 until 2017, reaching an all time high of 111.40 in January of 2000 and a record low of 51.70 in May of 1980. (MTI)