Mmastodon BusinessEconomy first seen 8 h ago, last 15 min ago, peak #1
US Consumer Sentiment Falls Near Record Low in September
Original: Consumer sentiment🚨dropped in Sept close to the lowest level ever recorded in the 74-yr history of the Univ of MI's mont
US consumer sentiment dropped in September to near the lowest level ever recorded in the 74-year history of the University of Michigan's monthly survey, according to fresh data released Friday. Analysts point to a month-long stretch of high inflation squeezing household budgets and an underlying oil supply shock that pushed up costs, souring shoppers' outlook on the economy.
Why now: Fresh University of Michigan data showing sentiment near a historic low raises concerns about inflation and consumer spending.
University of MichiganUS consumers
Rank over time, top of the chart is #1. 6 snapshots from 1 h ago to 15 min ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/269880