University of Michigan Survey of Consumers Reports Sharp Decline in Consumer Sentiment for May
Friday, 10 May 2024, 14:21
Consumer Sentiment Declines
The University of Michigan Survey of Consumers reported a steep drop in consumer sentiment for May, with the index falling to 67.4 from 77.2 in April.
Inflation Fears on the Rise
Consumer sentiment is rapidly declining as fears of inflation surge, prompting concerns about the overall economic outlook.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.