US Consumer Sentiment Falls Less than Expected


The final University of Michigan's consumer sentiment for the United States came in at 91.7 in February of 2016, down from 92 in the previous month but better than a preliminary estimate of 90.7. Both current and future expectations decreased and the 5 to 10 years inflation outlook eased.

The barometer of current economic conditions came in at 106.8, compared to a preliminary reading of 105.8 and a final reading of 106.4 in January. The gauge of consumer expectations was recorded at 81.9, higher than 81 initially reported, but lower than 82.7 in the previous month.

Americans expect the inflation rate in the next year will be 2.5 percent, unchanged from the preliminary estimate and the same as in January. Over the next 5 to 10 years, they expect consumer prices to increase 2.5 percent, higher than a preliminary 2.4 percent but lower than 2.7 percent in the previous month.

US Consumer Sentiment Falls Less than Expected


University of Michigan | Joana Taborda | joana.taborda@tradingeconomics.com
2/26/2016 3:11:56 PM