Preliminary estimate 95.5
The 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).
