Consumer Sentiment Falls from January Peak

Ann Arbor, MI, Feb. 13, 2015 — Consumer sentiment declined in February after reaching an 11-year high in January, according to the Thomson Reuters/University of Michigan index.

The preliminary February reading decreased to 93.6 from a final January reading of 98.1. Economists were looking for a flat reading.

“Low gas prices have especially helped lower-income households, although consumers now widely anticipate that gas prices will edge upward during the year ahead,” said Richard Curtin, director of the Michigan Survey of Consumers, in a press release.

The survey’s index of expectations six months from now decreased to 87.5 from 91 last month.

http://www.floordaily.net/Flooring-News/Consumer_Sentiment_Falls_from_January_Peak.aspx

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s