Consumer sentiment in the U.S. has unexpectedly seen a continued improvement in the month of February, according to preliminary data released by the University of Michigan on Friday.
The University of Michigan said its consumer sentiment index rose to 57.3 in February after jumping to 56.4 in January. Economists had expected the index to dip to 55.5.
With the unexpected increase, the consumer sentiment index reached its highest level since hitting 58.2 in August 2025.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.