US Consumer Sentiment Revised Up In February

The final reading of the University of Michigan's consumer sentiment for the United States came in at 96.3 in February 2017 compared to a preliminary figure of 95.7 and a final 98.5 in January. It was the weakest reading in three months, due to a drop in future expectations.

The gauge of future expectations declined to 86.5 from a preliminary of 85.7 and a final 90.3 in January. By contrast, the barometer for current economic conditions increased to 111.5 from a preliminary of 111.2 and 111.3 in January.

Americans expect the inflation rate to be 2.7 percent next year, down from earlier reported 2.8 percent but higher than 2.6 percent in January. Over the next 5 years, inflation is expected to be 2.5 percent, unchanged from the preliminary estimate but lower than 2.6 percent in January.

University of Michigan | Joana Ferreira |
2/24/2017 3:14:43 PM