NEW YORK - The University of Michigan's final February consumer sentiment index reading was 75.3, compared to the preliminary February 72.5, the final January 75.0, and the preliminary January 74.0 reading, according to market sources.
The expectations index was 70.3, compared to 68.0 earlier in the month, 69.1 in January, and 68.4 earlier in January.
The current conditions index was 83.0, compared to 79.6 earlier in the month, 84.2 in January, and 82.6 earlier in January.
Economists polled by Thomson Reuters had predicted a 72.8 reading for the main index, 80.3 for current conditions and 68.5 for expectations.
The five-year inflation expectation index was 2.9%, compared to 2.7% in January, and 2.7% in December, while the one-year inflation expectation index was 3.3%, compared to 3.3% in January, and 3.1% in December.
The University of Michigan index is not released to the press, but only to paying subscribers.