The University of Michigan's Index of Consumer Sentiment rose in February to 75.3 and was improved from the mid-month reading of 72.5. The figure beat expectations for 72.8 and sentiment stands at its highest level in twelve months. The consumer expectations reading recovered all of its mid-month decline with a rise to its highest in a year. Consumers' reading of current conditions recovered to 83.0 after a sharp mid-month decline. During the last ten years there has been a 60% correlation between the level of sentiment and the three-month change in real personal consumption expenditures.

The Reuters/University of Michigan survey data are not seasonally adjusted. The readings are based on telephone interviews with just- over 300 households. Data are in Haver's USECON database. The expectations figure is in Haver's AS1REPNA database.