US Consumer Sentiment At 3-Month Low

The preliminary reading of the University of Michigan's consumer sentiment for the United States fell to 95.7 in February of 2017 from a 13-year high of 98.5 in the previous month and lower than market forecasts of 97.9. Future expectations declined and current conditions edged down.

The gauge of future expectations fell to 85.7 from 90.3 in January and the barometer for current economic conditions edged down to 111.2 from 111.3.

Americans expect the inflation rate to be 2.8 percent next year, compared with 2.6 percent in January and 2.5 percent over the next 5 years, lower than 2.6 percent the previous month.

University of Michigan | Joana Taborda |
2/10/2017 3:08:19 PM