University of Michigan consumer sentiment (final) for August 58.2 vs 58.6 prelim | investingLive

• Prior 61.7
• Current conditions 61.7 vs 60.9 prelim
• Prior 68.0
• Expectations 55.9 vs 57.2 prelim
• Prior 57.7

Inflation expectations:

• 1 year 4.8% vs 4.9% prelim
• Prior 4.5%
• 5 year 3.5% vs 3.9% prelim
• Prior 3.4%

The data is slightly lower than preliminary estimates and although inflation expectations are still higher than the prior month, they got revised lower.

Surveys of Consumers Director Joanne Hsu notes: “Perceptions of many aspects of the economy slipped. Buying conditions
for durable goods subsided to their lowest reading in a year. Expectations for business conditions and labor markets contracted in
August as well. That said, expectations for personal finances held
steady this month, albeit at relatively subdued levels relative to a
year ago.”