A report from the University of Michigan revealed on Friday the preliminary reading for the Reuters/Michigan index of consumer sentiment rose to 100.9 in early February.

Economists had expected the index would decrease to 99.5 this month from January's final reading of 99.8.

According to the report, the index of current U.S. economic conditions decreased to 113.8 in February from 114.4 in the previous month. Meanwhile, the index of consumer expectations grew to 92.6 this month from 90.5 in January.

The report noted that just 7% of all respondents mentioned the coronavirus when asked to explain their economic expectations in early February, and only 10% of survey respondents mentioned some aspect of the presidential election as having a potential impact on their economic expectations.