US consumer sentiment near all-time low as inflation bites
Survey data from the University of Michigan on the consumer sentiment index came in at 47.8 this month, down 7.5% from the month before.
US consumer sentiment fell in September to near an all-time low, according to survey data from the University of Michigan released on Friday, as soaring prices strain American households ahead of midterm elections. The consumer sentiment index reached 47.8 this month, a 7.5% decline from the previous month.
Survey director Joanne Hsu attributed the decline to rising fuel prices and trade tensions, indicating consumers anticipate further financial pressures. Expectations for personal finances and business conditions both plummeted, she added.
The index had previously hit an all-time low of 44.8 in May, driven by factors such as the Iran war initiated by US President Donald Trump and his tariff policies, which disrupted global trade.
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- US consumer sentiment near all-time low as inflation bites freemalaysiatoday.com
