Consumer sentiment below expectations in final Feb. read
The University of Michigan's final February consumer sentiment index reading was 93.8, compared to the preliminary February 95.5 and the final January 91.2, according to market sources.
The expectations index was 84.4 compared to the preliminary February 86.2 and the final January 79.9.
The current conditions index was 108.5, compared to the preliminary February 110.0 and the final January 108.8.
Economists polled by IFR Markets had predicted a 95.6 reading for the main index.
The five-year inflation expectation index was 2.3%, compared to 2.6% in January, while the one-year inflation expectation index was 2.6%, compared to 2.7% in January.
The University of Michigan index is not released to the press, but only to paying subscribers.