Growth in consumer confidence in the US did not reach forecasts in February

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In February, the US consumer confidence index was 93.8 points, rising from 91.2 points in the previous month. This final estimate of the index by the University of Michigan did not reach the economists' forecast of 95.9 points. American consumers in February worsened their attitude towards the current financial situation. The corresponding figure fell to 108.5 points from 108.8 points. At the same time, there was a growth in the indicator of consumer expectations for the next 6 months, which increased to 84.4 points from 79.9 points. The forecast of Americans for the next 12 months fell from 2.7% to 2.6%, for many tomorrows, their estimate fell to 2.3% from 2.6%. Factors such as the Federal Reserve’s more reserved position regarding plans to raise interest rates and a return to the work of the US government after the shut down contributed to an increase in the index in February.

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