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Manufacturing & The Economy

U.S. Consumer Sentiment at Seven-Month High

The University of Michigan's consumer sentiment for the U.S. rose to 97.6 in August of 2017 from 93.4 in July, beating market estimates of 94, preliminary estimates showed. It is the strongest reading since January, due to a more positive outlook for the overall economy and more favorable personal financial prospects.

The gauge of future expectations jumped to 89 from 80.5 in July while the barometer for current economic conditions fell to 111 from 113.4. Americans expect the inflation rate to be 2.6% next year, the same as in July. 

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