University of Michigan Consumer Sentiment Index Down 0.8 Point

In February, the University of Michigan Consumer Sentiment Index fell slightly by 0.8 point to 73.6. Despite the decline, this was still the second highest month since recover began. The index has now topped its recent high in September. The decline was entirely due to the future expectations component, which fell 1.7 points. The current conditions component rose 0.7 point.

Inflation expectations fells lightly. Looking forward one year, expectations fell to 2.7 percent from 2.8 percent in January. The five-year outlook fell to 2.7 percent, down from 2.9 percent in January.

1966 = 100	Feb	Jan	Dec	Nov	Oct	Sep
Headline Index	73.6	74.4	72.5	67.4	70.6	73.5
Current Conditions	81.8	81.1	78.0	68.8	73.7	73.4
Future Expectations	68.4	70.1	68.9	66.5	68.6	73.5

10.02.26 (Source: University of Michigan)