US Consumer Sentiment is expected to show resilience despite elevated price pressures

The University of Michigan (UoM) will release the preliminary estimate of August’s Consumer Sentiment Index on Friday. The UoM report, which analyses US consumers’ feelings about their personal finances, business conditions, and purchasing plans, is expected to show a moderate decline, yet remain relatively close to levels in January and February, when concerns about Iran’s war and the economic impact of the energy shock were absent.

US consumers’ confidence is expected to have ticked down to 54.5 in August from 55.2 in July, as measured by the UoM Consumer Sentiment Index. These numbers would highlight fairly resilient sentiment in the face…

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