empty
 
 
US consumer sentiment falls in February
15-02-2017 19:55
US consumer sentiment falls in February
US consumer sentiment falls in February

According to preliminary data from the University of Michigan, the US consumer sentiment index hit 95.7 in February, down from 98.5 in January. Analysts had expected a decline to 98.

The current conditions index, which measures consumers’ view of their personal finances, was almost unchanged at 111.2 from 111.3 in the previous month.

The measure of expectations in the coming six months declined to 85.7 from 90.3 in the prior month.

Inflation expectations for the next year rose to 2.8%, up from 2.6% previously. Over the next five to ten years, consumers expect a 2.5% rate of inflation, compared with 2.6% in the previous month’s survey.

A value of 100 represents the highest level of confidence which was recorded in 1966. The average reading during the most recent recession, which started in 2007 and lasted 18 months, was 64.2. Five years before the recession, it was 89.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS
Can't speak right now?
Ask your question in the chat.
Widget callback