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Tags: consumer sentiment | slips

Consumer Sentiment Slips in Early February

Consumer Sentiment Slips in Early February
(Scott Olson/Getty Images)

Friday, 12 February 2021 10:10 AM

U.S. consumer sentiment unexpectedly fell in early February as households remained worried about the economy, despite expectations for additional fiscal stimulus.

The University of Michigan said on Friday its consumer sentiment index slipped to 76.2 in the first half of this month from a final reading of 79 in January.

Economists polled by Reuters had forecast the index little changed at 80.8. "More surprising was the finding that consumers, despite the expected passage of a massive stimulus bill, viewed prospects for the national economy less favorably in early February than last month," the University of Michigan said in a statement.

© 2022 Thomson/Reuters. All rights reserved.


StreetTalk
U.S. consumer sentiment unexpectedly fell in early February as households remained worried about the economy, despite expectations for additional fiscal stimulus.
consumer sentiment, slips
100
2021-10-12
Friday, 12 February 2021 10:10 AM
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