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02.03.2019 00:28

U.S. consumer sentiment improves less than initially estimated

The final reading for the February Reuters/Michigan index of consumer sentiment came in at 93.8 compared to a preliminary reading of 95.5 and the January final reading of 91.2. 

Economists had forecast the index to be upwardly revised to 95.7. 

According to the report, the index of the current economic conditions decreased to 108.5 in February from January's final reading of 108.8. Meanwhile, the index of consumer expectations rose to 84.9 from January’s final reading of 79.9. E

"Although sentiment was still above last month's low, the bounce-back from the end of the Federal shutdown faded in late February", the report noted. "While the overall level of confidence remains diminished, it is still quite positive. Nonetheless, aside from last month, it was only lower in one month since Trump's election, but barely, at 93.4 in July 2017."


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