University of Michigan (F) consumer sentiment for February 93.8 vs 95.9 est.
Preliminary estimate 95.5The Uni. of Michigan consumer sentiment for February (final) came in weaker than expected of 93.8 versus 95.9 estimate. The preliminary reading came in at 95.5.
- current conditions 108.5 versus 110.0 in the preliminary
- expectations 84.4 versus 86.2 in the preliminary
- one-year inflation 2.6% versus 2.5% in the preliminary
- 5 – 10 year inflation expectations 2.3% versus 2.3% preliminary
Lookng at the chart of the trends, the reading this one sits near the middle of the four-year range. So sentiment remains relatively elevated but lower than expectations.
The same is true for the exectations index at 84.4 (see chart below).