University of Michigan survey indicates tariffs impact confidence as consumer finance expectations weaken.
The Consumer Sentiment Index posted its largest monthly decline in August 2019 (-8.6 points) since December 2012 (-9.8 points), according to the University of Michigan Surveys of Consumers.
The Consumer Sentiment Index was 89.8 in August 2019, well below July’s 98.4 and last August’s 96.2. The Expectations Index was 79.9 in August, significantly below July’s 90.5 and last year’s 87.1. The Current Conditions Index fell to 105.3 in August from 110.7 in July and 110.3 last August, and the lowest level since October of 2016.
The 2012
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