The University of Michigan’s latest survey reveals a slight decrease in consumer confidence among Americans compared to July, yet it surpasses expectations. The Michigan Consumer Sentiment Index fell from 71.6 in July to 71.2 in August, above the projected 71, as per preliminary estimates. This figure still stands 22% higher than a year ago. “Consumers perceived few material differences in the economic environment from last month, but they saw substantial improvements relative to just three months ago.” Surveys of Consumers Director Joanne Hsu said. Further breakdown reveals an increase in the index for current ... (full story)