Consumer Sentiment Revised Down

Ann Arbor, MI, March 2, 2007--Consumer sentiment weakened in late February to its lowest level since September, according to research from the University of Michigan.

The University of Michigan consumer sentiment index fell to 91.3 in late February from 93.3 earlier in the month, according to Reuters, which has an arrangement to publish the index.

The decline was unexpected. Economists were expecting the index to remain steady at 93.3.

Sentiment hit a two-year high of 96.9 in January.

The current conditions index slipped to 106.7 in late February from 108.3 earlier in the month. This is down from 111.3 in January.

The expectations index fell to 81.5 in late February from 83.7 previously. The index is down from 87.6 in January.