U.S. Consumer Sentiment Up; Expectations Sink

September 15, 2011  by in UnCategorized   

By Aggregated Content in economic news on September 16, 2011 from http://c.moreover.com/click/here.pl?z5207273994&z=1250249027 U.S. consumer sentiment inched up in early September, but Americans remained gloomy about the future with a gauge of expectations falling to the lowest level since 1980, a survey released on Friday showed. The Thomson Reuters/University of Michigan's preliminary reading on the overall index on consumer sentiment edged up to 57.8 from 55.7 the month before, which had been the lowest level since November 2008. It topped the median forecast of 56.5 among economists polled by Reuters. "Overall, the data indicate that a renewed downturn in consumer spending is as likely as not

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