✉news BusinessRetail first seen 8 d ago, last 7 d ago, peak #12
US Consumer Sentiment Near Record Lows, Michigan Survey Shows
Original: Americans Are Gloomier Than at Almost Any Time on Record, Michigan Survey Shows
The University of Michigan's consumer sentiment survey shows Americans are more pessimistic about the economy than at almost any point on record. The reading points to widespread gloom over prices, finances and the economic outlook. Commentators say the finding highlights a gap between public mood and other economic indicators, and it is drawing attention ahead of upcoming inflation and spending data.
Why now: The University of Michigan's closely watched sentiment index has fallen to near-record low levels, sparking concern about consumer spending and the economy.
University of MichiganUnited StatesUS consumers
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