Deterioration in consumer sentiment in the US

Due to the worsened outlooks consumer confidence turned pessimistic in the US in February – University of Michigan’s usual monthly survey reveals.

The consumer sentiment index decreased to 95.7 points from the 98.5 points of January, while analysts expected 97.9 points.

The preliminary value of the consumer sentiment index of February – despite the significant decline – is still among the top five data of the past decade. (MTI)