US consumer sentiment falls slightly as outlook for inflation worsens
WASHINGTON (AP) — Consumer sentiment about the U.S. economy has ticked down but remains near a recent high, with Americans’ outlook largely unchanged this year.
The University of Michigan’s consumer sentiment index, released Friday in a preliminary version, slipped to 77.9 this month, down from March’s figure of 79.4. Sentiment is about halfway between its all-time low, reached in June 2022 when inflation peaked, and its pre-pandemic averages. The survey has been conducted since 1980.
“Consumers are reserving judgment about the economy in light of the upcoming election, which, in the view of many consumers, could have a substantial impact on the trajectory of the economy,” said Joanne Hsu, director of the consumer survey.
The index had dropped to 61.3 as recently as November before jumping in the following two months by the most in more than three decades. It has since moved mostly sideways.
Related articles
Four people killed in a house explosion in southwestern Missouri
GOODHOPE, Mo. (AP) — Four people in rural Missouri died when an explosion that could be heard 10 mil2024-05-21Xi Jinping Visits Ancient Shudao in China's Sichuan
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21- Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21
Chinese swimmer Wang wins men's 200m IM at Tokyo Olympics
Wang Shun of China celebrates after the men's 200m individual medley final of swimming at the Tokyo2024-05-21Lynn Williams breaks NWSL goal
Lynn Williams scored her 79th league goal, becoming the National Women’s Soccer League all-time scor2024-05-21Xi Presents Order to Promote Military Officers to Rank of General
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21
atest comment