June 2, 2023

Dubai Week

Complete Dubai News World

American consumer sentiment fell to its lowest level in almost a decade in August

(Reuters) – US consumer sentiment fell to its lowest level in almost a decade in August.

The University of Michigan’s consumer confidence index fell to 70.3 in August, the lowest level since December 2011, from a final reading of 81.2 in July.

Economists polled by Reuters expected a reading of 70.7.

The final reading for August was slightly changed from the initial reading of 70.2 earlier this month.

(Produced by Mahmoud Salamah for the Arabic Newsletter)

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