Consumer sentiment barely higher in August

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WASHINGTON (MarketWatch) — U.S. consumers remained gloomy in August, despite a
drop in retail gasoline prices, according to media reports on the University of
Michigan/Reuters consumer sentiment index released Friday. The index rose to 61.7
in early August from 61.2 in July. The index reached a 28-year low in June.
Economists surveyed by MarketWatch were expecting the index to rise to 62.0.

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