Consumer sentiment in the U.S. deteriorated by less than previously estimated in the month of February, the University of Michigan revealed in a report on Friday.
The report said the final reading on the consumer sentiment index for February came in at 95.4 compared to the preliminary reading of 93.6.
The upwardly revised reading came in well above economist estimates of 94.0 but remained below the eleven-year high of 98.1 set in January.
Richard Curtin, the survey's chief economist, said, "The small overall decline from January still left consumer confidence at the highest levels in eight years."
"It is hard not to attribute the small February decline to the temporary impact of the harsh weather, as declines that occurred in the Northeast and Midwest were triple the average loss," he added.