REUTERS/Mike Stone
Michigan fans cheer.
Economists estimate this index of sentiment to registered at 80.0 in August, down from 81.8 in July but up from a preliminary estimate of 79.2. "
If [79.2] sustained for the month as a whole, this would be the lowest level on the consumer sentiment index since November 2013," noted Credit Suisse economists. "But if equity markets continue to recover from their early-month swoon and geopolitical fears stabilize, we may see a slightly higher final sentiment reading for August. Lower gasoline prices probably are still helping to boost sentiment, as well."