- The University of Michigan's preliminary Index of Consumer Sentiment for February jumped to 99.9 (Briefing.com consensus 95.5) from the final reading of 95.7 for January.
- The February reading is the highest print since April 2004.
- The Current Economic Conditions Index increased to 115.1 from 110.5, which is the highest reading since September 2000
- The Index of Consumer Expectations rose to 90.2 from 86.3, hitting its highest level since March 2005
- The providers of the report indicate the sentiment data signal an expected gain of 2.9% in real personal consumption expenditures during 2018
- The key takeaway from the report is that consumer sentiment wasn't dented by the stock market volatility. Rather, the improved sentiment reading was attributed to optimism over government policies, improved financial conditions, and expectations for larger income gains in the year ahead.