Consumer confidence in the US increased significantly in February


US consumer confidence improved significantly in February after its lowest level in 2 years in the first month of the year. According to preliminary data from the University of Michigan, the corresponding index in February was 95.5 points, having risen from 91.2 points a month earlier. According to economists' forecasts, its January value was expected at the level of 93.7 points. The Americans improved their attitude to the current financial situation to 110 points from 108.8 points in January. The indicator, reflecting consumer expectations for the next 6 months, amounted to 86.2 points, having risen from 79.9 points in January and being much higher than the experts' estimate of 85.5 points. The consumer forecast for inflation has been lowered for the next 12 months from 2.7% to 2.5%, for the long term - from 2.6% to 2.3%.

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