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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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From: CalculatedRisk8/12/2005 5:26:02 PM
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Gas prices smack down consumer sentiment
NEW YORK (Reuters) — Consumer sentiment eased in early August, weighted down by soaring gasoline prices, a report said Friday.
The University of Michigan said its reading on confidence fell to 92.7 so far this month, according to sources who saw the subscription-only report. That was down from a final July reading of 96.5 and below Wall Street forecasts of 96.0.

The survey's expectations component was 81.3, while ratings of current conditions fell to 110.4 from 113.5 in July.

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