University of Michigan Survey of Consumers August 2012 (Final)
The Index of Consumer Expectations (a component of the Conference Board's Index of Leading Economic Indicators) declined to 65.1, and the Current Economic Conditions Index rose to 88.7.
It's important to recognize that consumer sentiment has seriously eroded over the past few months with the current results remaining near levels not seen since 1980, a major indication that consumers are in the process of tightening even further on spending.
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