American consumers are feeling less optimistic for September, according a report released Friday.
Consumer sentiment was 85.7 in September, down from 91.9 in August, according to a monthly survey by the University of Michigan. That missed expectations for 91.2 from analysts polled by Thomson Reuters.
The reading represented a 6.7 percent monthly decline and a 1.3 percent increase from this time last year.
The closely-followed barometer of measures U.S. consumers’ attitude about the economy, including overall sentiment, feelings on the current economy and future expectations. Feelings about current economic conditions and future expectations also hit the lowest since October 2014.
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