U.S. Consumer Sentiment Hits High in February
The U.S. consumer sentiment index preliminary reading for February was 99.9, rising 4.4% from January, according to the University of Michigan’s Survey of Consumers. This is the second highest reading since 2004. Consumer sentiment also rose 3.7% when compared to the same period in 2016.
The index measuring current economic conditions grew 4.2% from January to 115.1 and was up 3.2% from February 2017. Consumer expectations in February increased 4.5% from the previous month to 90.2 and was up 4.3% in a year-over-year comparison. See University of Michigan