Consumer Sentiment Ticks Up in February
Ann Arbor, MI, Feb. 28, 2014 -- Consumer sentiment rose to 81.6 in February from an initial reading of 81.2, according to the Thomson Reuters/University of Michigan.
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It was also slightly above the median forecast of 81.3 among economists.
"The most significant implication is not whether consumers have correctly assessed the weather's negative impact on the economy, but the resilience consumers have demonstrated in the face of the polar vortex as well as higher utility bills and minimal employment gains," survey director Richard Curtin said in a press release.