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U.S. Consumer Sentiment Index Upwardly Revised Much More Than Expected

Consumer sentiment in the U.S. unexpectedly saw a modest improvement in the month of February, according to Reuters and the University of Michigan's revised report for the month, with the consumer sentiment index upwardly revised by much more than anticipated.

The report showed that the consumer sentiment index for February was upwardly revised to 75.3 from the mid-month reading of 72.5. Economists had expected the index to be upwardly revised to 73.0.

With the much bigger than expected upward revision, the consumer sentiment index showed a modest increase compared to the January reading of 75.0.

by RTTNews Staff Writer

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