Updated: 26-Feb-21 10:25 ET

February Univ. of Michigan Consumer Sentiment - Prelim

Updated: 26-Feb-21 10:25 ET

Highlights

• The final reading for the February University of Michigan Index of Consumer Sentiment was revised up to 76.8 (Briefing.com consensus 76.4) from the preliminary reading of 76.2.
• The final February reading was below the final reading of 79.0 for January.

Key Factors

• The Current Economic Conditions Index was unchanged at 86.2. The final reading for January was 86.7.
• The Index of Consumer Expectations rose to 70.7 from the preliminary reading of 69.8. The final reading for January was 74.0.

Big Picture

• The key takeaway from the report is that the downturn in February was driven by views on future economic prospects among households with incomes below $75,000. Another key takeaway, though, is that the year ahead inflation rate was expected to be 3.3% versus 3.0% in January and 2.5% in December.

Category	FEB	JAN	DEC	NOV	OCT
Sentiment	76.8	79.0	80.7	76.9	81.8
Outlook	70.7	74.0	74.6	70.5	79.2
Present conditions	86.2	86.7	90.0	87.0	85.9