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Consumer sentiment increases in February even in the midst of the coronavirus epidemic

American shopper sentiment figures for February have been increased than anticipated regardless of the current coronavirus outbreak.

The College of Michigan Client Sentiment Index was 100.9 for February. Economists polled by Dow Jones anticipated shopper sentiment to succeed in 99.5 in February.

Customers' evaluation of present financial situations remained just about unchanged from January, whereas expectations elevated barely.

"Present private funds in addition to assessments of the nationwide economic system have every registered important positive aspects," stated Richard Curtin, chief economist for shopper surveys, in an announcement. "Internet positive aspects in family revenue and wealth have been reported extra incessantly in early February than at any time since 1960."

He additionally famous that the coronavirus epidemic – which the monetary markets have been grappling with in current weeks – remains to be not a significant concern for shoppers, as solely 7% of survey respondents have it ; talked about "when requested to elucidate their financial expectations in early February".

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