The University of Michigan’s preliminary February consumer sentiment index reading was 56.2, compared to the final January 61.2, the preliminary January 61.9, and the final December 60.1 reading, according to market sources.

Economists polled by Thomson Reuters had predicted a 61.0 reading for the index.

The expectations index was 49.1, compared to 57.8 last month, 57.2 earlier in January, and 54.0 in December.

The current conditions index was 67.1, compared to 66.5 last month, 69.2 earlier in January, and 69.5 in December.

Economists polled by Thomson Reuters had predicted a 65.5 reading for the current conditions index and 57.5 for the expectations index.

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