US Consumer Sentiment Crashes to Second-Lowest Rating Ever: University of Michigan Survey

Description

A recent survey from the University of Michigan finds that consumer sentiment is down 26.5% since May 2024. According to the university’s ongoing Surveys of Consumers, the Index of Consumer Sentiment dropped to 50.8 this month, the second-lowest rating ever recorded. The lowest rating ever recorded was 50 in June 2022. The survey began in November 1952. Said Surveys of Consumers Director Joanne Hsu, “Consumer sentiment was essentially unchanged this month, inching down a scant 1.4 index points f...