Friday, February 15, 2013

USA Consumer Sentiment Rebounds in February

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USA Consumer Sentiment: Thomson Reuters / University of Michigan

USA Consumer Sentiment Rebounds in February

(Reuters) - Consumer sentiment improved in February, buoyed by signs of increased hiring, though worries heightened about a decline in future income. The Thomson Reuters/University of Michigan's preliminary reading on the overall index of consumer sentiment rose to 76.3 from 73.8 in January, topping economists' forecasts of 74.8.

USA Consumer Sentiment by Month
Current Sentiment: 76.3 (+2.5)
Post-Recession High: 82.7 (November 2012)
Great Recession Low: 55.3 (November 2008)
Pre-Recession Peak: 96.9 (January 2007)

Households with incomes below $75,000 were among the most optimistic, "with expected gains in employment more than offsetting declines in after-tax incomes due to the end of the payroll tax cut," survey director Richard Curtin said in a statement.

USA Consumer Sentiment by Year
Current Sentiment: 75.1 (-1.5)
Post-Recession High: 76.5 (2012)
Great Recession Low: 63.8 (2008)
Pre-Recession Peak: 88.6 (2005)


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