UoM consumer sentiment index drops to 58.6 in August

29th Aug 2025 12:28

(Sharecast News) - The University of Michigan's final consumer sentiment index for August came in at 58.2, down from 58.6 in July and slightly below preliminary estimates of the same, reflecting renewed concerns over inflation and deteriorating buying conditions.

Consumer expectations also deteriorated in August, dropping from 57.2 to 55.9, according to the data, while the current economic conditions index dropped from 68.0 in July to 61.7.

Buying conditions for durable goods fell to their lowest reading in more than a year, while current personal finances declined 7%, due to increased concerns about high prices.

Year-ahead inflation expectations moved up from 4.5% last month to 4.8% this month, with the rise seen across multiple demographic groups. Long-run inflation expectations edged up from 3.4% in July to 3.5% in August.

Reporting by Iain Gilbert at Sharecast.com