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Michigan Consumer Sentiment comes in stronger than expectations

Posted by Greg Michalowski on Fri, 08/29/2008 - 8:57am in

The level comes in at 63.0 versus expectation of 62.0.  The lower oil prices seems to have boosted consumers mood a bit.  The low has been 56.4 set in June as oil prices surged to over $140 per barrel.  The index is still well down, scrapping the bottom. 

Economic Conditions rose to 71.0 from 69.3 in the preliminary report.
Economic Outlook rose to 57.9 from 56.3 preliminary
Consumer Confidence 63.0 versus 61.7 preliminary