US August prelim Michigan consumer sentiment index 95.3 vs 98 expected

US August 2018 preliminary Michigan indices on 17.08.201

• prior 97.9
• Current conditions 107.8vs 114.4 prior
• Consumer expectations 87.3 vs 87.3 prior
• 1 year inflation outlook 2.9% vs 2.9% prior
• 5 year inflation outlook 2.5% vs 2.40% prior

-Consumer sentiment slipped to its lowest level since last September, with the decline concentrated among households in the bottom third of the income distribution
– Buying conditions for large household durables sank to the lowest level in nearly four years
– Home buying conditions were viewed less favourably in early August than anytime in the past ten years, with home prices judged less favourably than anytime since 2006

The link to the survey

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Fundamentalist market maker, turned all round market taker.
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