February 2016 University of Michigan consumer sentiment flash 90.7 vs 92.0 exp

Highlights from the preliminary February 2016 University of Michigan consumer sentiment survey report 12 February 2016

• Prior 92.0
• Current conditions 105.8 vs 105.0 exp. Prior 106.4
• Expectations 81.0 vs 82.0 exp. Prior 82.7
• 1yr inflation exp 2.5% vs 2.5% prior
• 5yr 2.4% vs 2.7% prior

While we might not have seen a softer shopper in Jan Feb may not be as chirpy given the drop here. Current conditions are not as bad as thought but also drop from last month. These numbers have been running hot for quite sometime so there's no warning signals flashing here yet. As always, someone talking confidently on the phone is a long way from acting confidently on the street.