Harsh Winter Cools Consumer Sentiment in February

Ann Arbor, MI, Feb. 27, 2015 -- Consumer sentiment fell slightly in February from an 11-year high, according to the University of Michigan Survey of Consumers.

The final February reading fell to 95.4, the first decline in seven months, from January’s 98.1, which was the highest since 2004.

“It is hard not to attribute some of the diminished confidence to the harsh winter weather,” said Richard Curtin, director of the Michigan Survey of Consumers, in a press release.

"Consumers continued to evaluate their financial situation as well as their future financial prospects at the most favorable levels since 2007.”