Nearly a year ago, the Consumer Mood Index of the Michigan University and Thomson Reuters business news service declined to the lowest level in August.
In August, the consumer mood index of the Michigan University dropped to 95.3 points from 97.9 per cent in the previous month, while analysts expected a small increase of 98.1 points.
The index in August this year has been the lowest since last September.
The drop was primarily due to a weaker assessment of current shopping opportunities, with a drop of 107.8 points from 114.4 in the previous month. However, the indicator reflecting consumer expectations in the future did not change, with 87.3 points similar to the previous month being in August.