India, Aug. 29 -- The University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by slightly more than previously estimated in the month of August.
The report said the consumer sentiment index for August was downwardly revised to 58.2 from the preliminary reading of 58.6.
Economists had consumer sentiment index the consumer sentiment index to be unrevised from the preliminary reading, which was still down from 61.7 in July.
"Sentiment now stands about 11% above readings from April and May but remains at least 10% below 6 and 12 months ago," said Surveys of Consumers Director Joanne Hsu.
"This month's decrease was visible across groups by age, income, and stock wealth," she added. "Moreover, pe...