Michigan Consumer Sentiment Index Was Unchanged in February

Posted by Financial Juice

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Consumer confidence in the U.S. was stronger than projected in February as Americans grew more upbeat about the economy.

Consumer confidence in the U.S. was stronger than projected in February as Americans grew more upbeat about the economy.

The Thomson Reuters/University of Michigan preliminary index of sentiment held at 81.2 this month. The median estimate in a Bloomberg survey of economists called for a decline to 80.2. A gauge of the economic outlook improved to the highest level in six months.

The reading indicates consumers may pick up the pace of spending after a winter-related slowdown in January. Higher stock prices and home values are helping bolster household finances, underpinning sentiment at a time when the labor market is struggling to improve.… full article