Consumer sentiment in the United States continued to improve in February, according to a final monthly report published by the University of Michigan on Friday. The index increased by 0.6% on a monthly basis to 56.6, while it dropped by 12.5% on an annual level. Additionally, the figure came in line with the preliminary reading.
At the same time, the Current Economic Conditions Index increased by 2.2% in the reported period compared to January and decreased by 13.9% compared to February 2025, standing at 56.6 points. The Index of Consumer Expectations lost 0.7% on a monthly basis and lost 11.6% on a yearly basis, amounting to 56.6.
"Consumer sentiment stagnated this month with very little change, just 0.2 index points higher than January. All index components posted insignificant movements this month; overall, consumers do not perceive any material differences in the economy from last month," was noted in the report.
https://breakingthenews.net/Article/US-consumer-confidence-improves-in-February/65716756
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.