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August 30, 2013 AT 5:49 AM
U.S. consumer sentiment retreated in August from last month's six-year high, though Americans were slightly more upbeat in their outlook than earlier in the month. The Thomson Reuters/University of Michigan's overall index on consumer sentiment slipped to 82.1 in August from 85.1 in July. The final result did manage to top an initial mid-month reading of 80.0 and beat economists' expectations for a final read of 80.5.