US consumer sentiment improved unexpectedly


US consumer sentiment improved unexpectedly

However, the barometer is still trending below the pre-pandemic level

The sentiment of US consumers brightened unexpectedly in February. The barometer for consumer mood climbed to 91.3 points from a revised 88.9 points in January, as the Institute Conference Board announced on Tuesday for its survey. Economists had only expected an increase to 90.0 points. Despite the increase, the barometer is still well below the level before the outbreak of the corona pandemic.

After three declines in a row, consumers rated their current situation more favorably than last, said expert Lynn Franco of the Conference Board. “This change of course indicates that economic growth has not slowed any further.”

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