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UM Consumer Sentiment Index Dropped Sharply Mid-August

Written by The Ashton Report

The Consumer Sentiment Index fielded by the University of Michigan’s Surveys of Consumers took a sharp drop in its mid-August preliminary reading. The index fell to 92.1 from 98.4 in the final July report. It was the lowest level for the Sentiment Index since the first of the year, and the downward movement helped fuel…

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