Consumer sentiment in the U.S. deteriorated by less than initially estimated in the month of February, the University of Michigan revealed in a report released on Friday.
The report showed the consumer sentiment index for February was upwardly revised to 62.8 from the preliminary reading of 61.7. The upward revision surprised economists, who had expected the reading to be unrevised.
Despite the upward revision, the consumer sentiment index was still notably lower than the final January reading of 67.2 and at its lowest level since October of 2011.
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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.