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QVMS - Consumer Sentiment Fell Sharply In Early February
Invesco S&P SmallCap 600 QVM Multi-factor ETF
The preliminary February results from the University of Michigan Surveys of Consumers show overall consumer sentiment fell sharply in early February, hitting the lowest level since October 2011.
The second sub-index — that of consumer expectations, one of the AIER leading indicators — sank 6.7 points or 10.5 percent for the month, dropping to 57.4.
The substantial declines in consumer sentiment reflect the impact of higher consumer prices.