Michigan Consumer Sentiment Rebounds in August, Exceeding Expectations

Consumer confidence in the United States improved in August, according to the University of Michigan’s final results for its monthly survey. The index measuring consumer sentiment climbed to 67.9 this month, surpassing the July reading of 66.4 and exceeding the initial estimate of 67.8 released two weeks ago. Economists had anticipated a final reading of 68. The sub-index tracking consumers’ assessments of their current economic conditions…