Americans More Upbeat as Sentiment Index Hits More Than One-Year High
- One-year inflation expectations climbed to 4.2% in February
- University of Michigan sentiment index at 66.4 after 64.9
This article is for subscribers only.
US consumer sentiment climbed to a more than one-year high in early February as more upbeat views of current conditions outweighed lingering concerns about the outlook.
The University of Michigan’s preliminary index of sentiment for the month increased to 66.4 from 64.9 in January, data showed Friday. A closely watched gauge of price expectations over the coming year rose to 4.2% from 3.9%, but remained well below levels seen in the first half of last year.