(Finance) – US consumer confidence worsened in February. According to preliminary data from the University of Michigan, the consumer sentiment it is estimated to have fallen to 61.7 points compared to 67.2 points in January and is even worse than the expectations of analysts who expected a more contained decline, or up to 67.5 points. In the same period the index on the present situation fell to 68.5 points from the previous 72 points, while the index on waited it dropped to 57.4 points from the previous 64.1.
“Sentiment continued its downward descent, reaching the worst level in a decadedown a staggering 8.2% from last month and 19.7% since last February – commented economist Richard Curtin – Recent declines have been driven by the weakening of the personal financial outlook, largely due to the ‘increased inflation, lower confidence in government economic policies and less favorable long-term economic prospects of the last decade “.