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UM consumer confidence index falls to 76 8 in February - World News

2021-02-26 19:05:14 GMT2021-02-27 03:05:14(Beijing Time) Xinhua English CHICAGO, Feb. 26 (Xinhua) The University of Michigan (UM) on Friday reported its consumer sentiment index in February 2021 survey at 76.8, down from 79.0 in January and lower than last February s 101.0. The Expectations component fell to 70.7 in February from 74.0 in January. The Current Conditions Index slipped to 86.2 in February from 86.7 in January. When asked about recent changes in their finances, higher income gains were reported by those under age 45 and among households with incomes in the top third, while wealth gains were concentrated among those with incomes in the top third. When asked about expected income increases in the year ahead, in both nominal and inflation-adjusted dollars, the same subgroups expected the largest gains.

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