Consumer sentiment in the U.S. hit a three-month low in February, after the gauge’s final reading was conducted on Friday, according to Steve Goldstein of MarketWatch.
The University of Michigan index finished the month at a reading of 91.7, which was above the 90.7 preliminary reading but lower than the 92 for the month of January.
The index is well above the recovery’s 2011 low of 63.7 but has fallen over the last year.
Though worrying for markets fearful of deflationary trends, consumers have warmed to the tumbling in gasoline prices. The last time gasoline prices were below $2 a gallon outside of a recession was a decade ago.