US consumer sentiment sees an uptick in February

US Consumer Confidence Shows Modest Growth in February

According to the University of Michigan's latest monthly report released on Friday, consumer confidence in the United States saw a slight uptick in February. The overall sentiment index edged up by 0.6% from the previous month, reaching 56.6, though it remained 12.5% lower than the same period last year. This result matched the earlier preliminary estimate.

During the same period, the Current Economic Conditions Index rose by 2.2% compared to January, but was still down 13.9% year-over-year, also settling at 56.6 points. Meanwhile, the Index of Consumer Expectations slipped by 0.7% month-over-month and declined 11.6% compared to February of the previous year.