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U.S. consumer sentiment falls in February


    NEW YORK (Reuters) - U.S. consumer sentiment fell in February, dropping from an 11-year high, a survey released on Friday showed.

    The University of Michigan's preliminary February reading on the overall index on consumer sentiment came in at 93.6, below the final January read of 98.1.

    It was below the median forecast of 98.1 among economists polled by Reuters.

    The survey's barometer of current economic conditions fell to 103.1 from 109.3, below a forecast of 110.

    The survey's gauge of consumer expectations slipped to 87.5 from 91, below an expected 92.2.

    (Reporting by Ryan Vlastelica; Editing by Meredith Mazzilli)