New York, Feb 27--U.S. consumer sentiment fell sharply in February, as Americans turned cautious about the U.S. economy that has been hampered by sluggish jobs growth, according to a survey released on Friday.
The University of Michigan's final reading of consumer sentiment slipped to 94.4 in February from January's final reading of 103.8, which was its highest level in over three years, said market sources, who saw the subscriber-only report.
Economists had forecast a fall to 93.5. The preliminary consumer sentiment reading for February was 93.1.
The current conditions index fell to 103.6 from 109.5 in January, while the consumer expectations index dropped to 88.5 from a final reading of 100.1 last month,
