The University of Michigan's report on consumer attitudes about the economy slipped to 99.7 in February. A survey of Reuters economists expected the number to fall to 99.3. The index reached 99.9 in the prior February reading, its second-highest level since 2004. The survey measures 500 consumers' attitudes on future economic prospects, in areas such as personal finances, inflation, unemployment, government policies and interest rates.
Consumer sentiment hits 99.7 in February vs. 99.3 estimate
The University of Michigan's consumer sentiment index ticked down at the end of February, but remained at historically high levels. The latest reading came in at 99.3, slightly below the mid-month figure of 99.9. Consumer sentiment inched down at the end of February, but still exceeded expectations after shooting up in a mid-month reading.
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