Consumer Sentiment Declines in Early February
Posted in: General
Originally published on Fox Business.
Americans turned less optimistic about the economy in early February on worries about falling income even as their outlook on the jobs market rose to a record high, a survey released on Friday showed.
The Thomson Reuters/University of Michigan overall index of consumer sentiment fell to 72.5 in early February from January's 75.0, which was the highest level since February 2011.
The latest figure fell short of the median forecast of 74.5 among economists polled by Reuters.
"The personal financial situation of consumers remained dreary," survey director Richard Curtin said in a statement.
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