Consumer sentiment slips to record low: Survey
The university’s index of consumer sentiment slipped to a final reading of 44.8 in May, a 5-point decrease from April and a 7.4-point drop from this time last year. Joanna Hsu, the director of the Surveys of Consumers, pointed to cost-of-living concerns as a primary factor driving the downturn in consumer sentiment. She added that 57 percent of consumers “spontaneously” mentioned higher prices were eroding their personal finances.
- ▪The university’s index of consumer sentiment slipped to a final reading of 44.8 in May, a 5-point decrease from April and a 7.4-point drop from this time last year.
- ▪Joanna Hsu, the director of the Surveys of Consumers, pointed to cost-of-living concerns as a primary factor driving the downturn in consumer sentiment.
- ▪She added that 57 percent of consumers “spontaneously” mentioned higher prices were eroding their personal finances.
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Business Consumer sentiment slips to record low: Survey Comments: by Sophie Brams - 05/22/26 12:51 PM ET Comments: Link copied by Sophie Brams - 05/22/26 12:51 PM ET Comments: Link copied NOW PLAYING U.S. consumer sentiment fell to a record low this month as the conflict with Iran spurs anxiety about the economy, according to the University of Michigan’s Surveys of Consumers. The university’s index of consumer sentiment slipped to a final reading of 44.8 in May, a 5-point decrease from April and a 7.4-point drop from this time last year. Joanna Hsu, the director of the Surveys of Consumers, pointed to cost-of-living concerns as a primary factor driving the downturn in consumer sentiment.
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