U.S. Consumer Sentiment at Highest Since 2018

U.S. consumer sentiment rose to the highest level in almost two years in February on brighter views of finances and the economy, adding to signs consumption will keep fueling growth.

The University of Michigan’s preliminary sentiment index rose to 100.9 from 99.8 in January, according to data released Friday that exceeded estimates in Bloomberg’s survey of economists. The expectations index increased to 92.6, the second-highest reading of the record-long U.S. economic expansion.