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14.08.26 - 17:36
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UMich Sentiment Slumps In August As War Re-Escalated, Inflation Fears Tick-Up (ZeroHedge)
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UMich Sentiment Slumps In August As War Re-Escalated, Inflation Fears Tick-Up
Following July's rebound to pre-war levels, the preliminary August University of Michigan Consumer Sentiment index was expected to weaken modestly as the MidEast re-escalated (and with it the price of gas).
Sure enough, the headline sentiment index tumbled from 55.2 to 51.0 (55.0 exp) with both Current Conditions (51.8 vs 54.8 prior vs 54.9 exp) and Expectations (50.6 vs 55.4 prior vs 55.2 exp) also both tumbling...
Decreases in sentiment were seen across the political spectrum, with Republicans exhibiting the strongest month-to-month decline in August. Sentiment among Republicans is now 19% below readings just prior to the Iran conflict and the lowest since the 2024 election.
Although the early-month weakening in sentiment was pervasive across various demographic groups, notably large reductions were seen among older consumers, lower-income consumers, and those without a college degree.
As Surveys of Consumers Dire...
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14.08.26 - 14:42
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Croatia Inflation Confirmed At 5-month Low (AFX)
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BRUSSELS (dpa-AFX) - Croatia's consumer price inflation moderated further in July to the lowest level in five months, as estimated initially, the latest data from the Croatian Bureau of Statistics......
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14.08.26 - 14:06
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French Inflation Rises As Estimated (AFX)
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PARIS (dpa-AFX) - French inflation accelerated in July due to higher prices of energy and services, final data from the statistical office INSEE revealed Friday. Consumer price inflation advanced ......
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