consumer morale drops to a three-year low!


The final index of US consumer sentiment for the month of August 2019, as measured by the University of Michigan, came out at 89.8 only, versus a consensus of 92.3 and a preliminary reading of 92.1 . The final index is therefore well below expectations and the lowest since October 2016. The expectations component fell by more than 10 points on the month to 79.9, while that of current conditions fell by more than 5 points. to stand out at 105.3. The elements weighing on the morale of Americans are various, the report evoking the fears of course related to customs tariffs, mentioned by a third of respondents.

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