Economic Buzz: US UoM consumer sentiment continues to improves in February
The University of Michigan said its consumer sentiment index rose to 57.3 in February after jumping to 56.4 in January.
With the unexpected increase, the consumer sentiment index reached its highest level since hitting 58.2 in August 2025.
The unexpected uptick by the consumer sentiment index came as sentiment surged among consumers with the largest stock portfolios.
The report said the current economic conditions index climbed to 58.3 in February from 55.4 in January, while the index of consumer expectations edged down to 56.6 in February from 57.0 in January.
With regard to the outlook for inflation, the University of Michigan said year-ahead inflation expectations tumbled to 3.5 percent in February from 4.0 percent in January.
Year-ahead inflation expectations dropped to their lowest level since January 2025 but still exceed the readings seen in 2024 and the 2.3-3.0 percent range seen in the two years pre-pandemic.
Meanwhile, the report said long-run inflation expectations inched up for the second straight month, ticking up to 3.4 percent in February from 3.3 percent in January.
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