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Consumer sentiment drops in August

By Jonathan Sweet
August 16, 2013
Filed under News

After hitting a six-year high in July, consumer sentiment has retreated this month, according to the latest Thomson Reuters/University of Michigan index.

Sentiment dropped from 85.1 in July – the highest mark since July 2007 – to 80.0 in August’s preliminary reading. It’s the lowest level for the index since April’s 76.4, but still higher than all but five months since 2007.

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