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Last updateFri, 03 Apr 2020 8pm

Manufacturing & The Economy

Consumer Sentiment at Two-Year High

The University of Michigan Consumer Sentiment Index rose to 100.9 in early February to nearly match the expansion peak of 101.4, set two years ago in March 2018. The Expectations Index, the main gauge of future economic conditions, rose to 92.6, also its second highest level in this long expansion. Both measures were still significantly below the levels recorded twenty years ago when the Sentiment Index reached a peak of 112.0 and the Expectations Index peaked at 108.6. The early February gain was not uniform, however. Current personal finances as well as evaluations of the national economy each posted large gains, while consumers' views on buying conditions for household durables posted a significant loss.

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