The economic outlook for the next 12 months fell to the lowest since January, while the five-year outlook also tumbled.

Views of expectations for personal finances plunged more than previously reported from a July level that was the highest since 2003. Attitudes on the current situation also fell.

Consumer expectations for inflation edged up, with price gains over the coming year rising to 2.7% from 2.6% in July. Five-year estimates were up to 2.6% after 2.5% the prior month.

A measure of home buying attitudes remained near recent lows.

Economists had expected an upward revision to the sentiment measure to 92.4.

Interviews were conducted July 31 to Aug. 26.

This article was provided by Bloomberg News.

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