Three months in a row is a good sign. We're a long way from recovery but a bit of optimism doesn't hurt.
Consumer sentiment climbed to a three-month high in August
as households made progress paying down debt, but future expectations
remained grim, a survey on Friday showed.
The Thomson Reuters/University of Michigan's final reading on overall
consumer sentiment this month rose to 74.3, its highest since May and
above economists' expectations of 73.6. In July, the number stood at
72.3.
Buying was bolstered by price discounts and low interest rates, the
survey found. But the biggest source of optimism was tied to success in
trimming debt.
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