Consumer Sentiment Index Drops To 7-Month Low Amid Inflation Concerns

2025-02-09 00:30:00 ET

Summary

• Consumer sentiment fell for the second straight month, dropping about 5% to reach its lowest reading since July 2024.
• Expectations for personal finances sank about 6% from last month, again seen across all political affiliations, reaching its lowest value since October 2023.
• In February, the CECI stood at 68.7, a 7.2% decline from the previous month and a 13.5% decline from a year ago.

By Jennifer Nash

Consumer sentiment declined for the second consecutive month, reaching its lowest level since July, according to the preliminary February report for the Michigan Consumer Sentiment Index. The index fell by 3.3 points (-4.6%), dropping to 67.8 from January's final reading of 71.1, and is down 11.8% from a year ago. The latest reading also came in below the forecasted 71.9....

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