U.S. consumer sentiment came in lower in August, missing expectations, according to a report released on Friday.
The Thomson Reuters/University of Michigan's final August reading on the index was 91.9. That was lower than the previous month's reading of 93.1 and Reuters' estimates for 93.
"Overall, the data suggest that real personal consumption expenditures will expand by a still healthy 2.9% in 2015, with the pace of growth rising to 3.0% in 2016. Needless to say, consumer sentiment must be carefully monitored in the months ahead," said Surveys of Consumers Chief Economist Richard Curtin in a statement.