Consumer Sentiment Lower Than Expected

Ann Arbor, MI, February 1, 2008—U.S. consumer sentiment rose less than expected in January from December, although worries persisted over the stock market and the housing slump, according to the Reuters/University of Michigan Surveys of Consumers.

The final January figure on consumer sentiment was 78.4, above December's final reading of 75.5.

However, it was down from January estimates of 80.5 and slightly below the median forecast of 79.0 in a Reuters poll.