Consumer sentiment falls in August

The University of Michigan Consumer Sentiment Index decreased 5.7% in August compared to the month prior, landing at 58.2, according to final results for the month. The August figure was down 14.3% from a year ago. The current conditions component of the index fell 9.3% from the month prior, landing at 61.7, while the consumer expectations index decreased 3.1% to 55.9.