U.S. consumer sentiment came in lower in early August, missing expectations, according to a report released on Friday.
The Thomson Reuters/University of Michigan`s preliminary August reading on the index was 92.9. That was slightly lower than the previous month`s reading of 93.1 and Reuters` estimates for 93.5.
Read MoreUS producer prices rise for third month
"Renewed strength in personal finances largely offset slight declines in prospects for the national economy and buying conditions," said Surveys of Consumers Chief Economist Richard Curtin in a statement.
"The declines in prospects for the economy probably reflect the expected increases in interest rates, while the eventual but small impacts from falling commodity prices, the devaluation of the renminbi, and a weaker global economy have yet to occur (other than from declines in oil prices)."
- Prada seeks younger customers in bid for growth
- Lotte vice chairman Lee In-won found dead
- German business confidence falls post-Brexit, says Ifo
- Tesla touts speed and driving range with new upgraded battery
- Stocks creep up amid Fed limbo, dollar dips leftright 22leftright 12leftright
- China Crinkles Aluminum Foil Makers
- Cisco to lay off about 14,000 employees: tech news site CRN leftright 22leftright
- UK to avoid recession and world economy to ‘stabilise’ as Brexit shock passes - but US poses biggest risk to global growth
- Fuel prices push up UK inflation rate to 0.6%
- Humidity 47%
- Winds 0 kph