Americans felt worse about their personal finances in early February,
even as they saw a light at the end of the tunnel for the jobs market, a
survey released on Friday showed.
The Thomson Reuters/University of Michigan overall
index of consumer sentiment fell to 72.5 in early February from
January's 75.0, which was the highest level since February 2011.
The latest figure fell short of the median forecast of 74.5 among economists polled by Reuters.
"This pattern of responses - less favorable current
assessments and more favorable prospects - is not surprising. It simply
indicates that consumers find their current situation all the harder to
bear when improvement is finally in sight," said survey director Richard
Curtin said in a statement. More...
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