Consumer Sentiment Rose Less Than Forecast in August

Confidence among U.S. consumers rose less than forecast in August from an eight-month low, a sign that the biggest part of the economy will be slow to recover.

The Thomson Reuters/University of Michigan final index of consumer sentiment climbed to 68.9 from 67.8 in July that was the lowest reading since November. The gauge was projected to rise to 69.6, unchanged from a preliminary reading issued earlier this month, according to the median forecast of 65 economists in a Bloomberg News survey.