Sunday, August 30, 2009

Sentiment a Good-News, Bad-News Story

from Fox Business:
WASHINGTON--Consumer sentiment improved in late August but remained below levels reached in July, according to media reports on Friday of the Reuters/University of Michigan index.
The sentiment index rose to 65.7 in late August from 63.2 earlier in the month, which was the lowest reading since March. Sentiment stood at 66.0 in July.
Sentiment has now fallen two months in a row. The increase in the index was above expectations. The consensus forecast of Wall Street economists had expected sentiment to rise to 64.0.