Friday, February 28, 2014

Consumer Confidence Rose in February

According to the University of Michigan Consumer Sentiment survey, consumer confidence rose slightly in February to 81.6, a 0.4 point rise. Future expectations outgrew the decline in present conditions. However, February has yet to offset January’s decline with confidence remaining below December’s value.

The present conditions portion of the index declined by 1.4 points to 95.4, while the future expectations portion grew 1.5 to 72.7. Future expectations are at the highest level in 6 months.

Inflationary expectations changed little from the month prior. The one-year inflationary expectations remained the same at 2.9%. Five-year inflationary expectations rose from 3.1% to 3.2%.

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