August consumer sentiment beats expectation
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U.S. consumer sentiment was stronger  than expected in August, a report showed on Friday, though  expectations of the future economic situation worsened.
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August comps gave investors reason to celebrate.
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The consumer sentiment index slipped to 95.8 from 95.9 in August. Economists were expecting the index would tick up to 96.5. The index will be updated in two weeks to reflect surveys returned throughout September.
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Shoppers persevered at the nation's stores and malls in August, buying skinny jeans and other back-to-school fashions and giving many retailers solid sales gains for the month. The outlook for the rest of the year nonetheless remained unclear amid higher energy costs and interest rates and a deteriorating housing market.
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Consumers' renewed worries about job prospects led to a bigger-than-expected drop in confidence in August and provided more evidence of the fragility of the economic expansion.
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Retail sales rebounded by 0.6 percent in August, buoyed by higher sales in food, department and clothing stores, defying expectations of a second monthly decline.
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Stocks were flat on Friday after  reports showed U.S. economic growth in the second quarter  matched economists' forecasts and consumer sentiment picked up  above expectations in late August.
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Consumer sentiment was steady in early September from August as shifts in outlooks among different income and age groups and regions offset each other, a survey showed on Friday.
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Consumer spending was flat in August even though incomes rose, the Commerce Department reported yesterday, providing more mixed signals about the economy&#39;s recent strength.
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U.S. consumer prices rose a slight  0.1 percent in August while activity at mid-Atlantic factories  slumped this month, according to reports on Thursday seen  boosting chances of a pause later this year in the Federal  Reserve's drive to raise interest rates.
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Consumers became a bit more optimistic toward the end of the August but still felt more cautious on the U.S. economy than they did a month ago, according to survey by the University of Michigan.
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U.S. consumer sentiment surpassed expectations in late August after declining earlier in the month as oil prices eased from record highs and security fears abated, according to sources who saw a survey on Friday.
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US consumers were more upbeat than expected in May, a survey says, helped by a strong stock market.
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Consumer confidence bounced back unexpectedly in May, helped by optimism about the job market even as shoppers' concerns about gasoline price-driven inflation increased
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As promised, the retailer reported strong same-store sales in August.
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Major retailers, led by discounters Wal-Mart Stores and Target Corp, turned in better-than-expected August sales on Thursday, as consumers went back-to-school shopping despite higher gas prices and the nation's housing meltdown.
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Will investors and consumers stay satisfied?