Consumer sentiment continues to decrease

Consumer sentiment fell in May

Consumer sentiment fell at a slower pace in May than in recent months, as uncertainty over trade policy continues to cloud outlooks, according to the University of Michigan Surveys of Consumers. The index tracking consumer sentiment fell nearly 3 percent to 50.8 from 52.2 in April, a relatively small drop following four straight months of more significant declines. The index measuring current economic conditions fell 3.7 percent to 57.6 from 59.…

Consumer sentiment continues to decrease

According to recent data from the University of Michigan, American consumers’ perceptions of the economy grew more negative in May. The preliminary reading of the university’s consumer sentiment index dropped to 50.8, the second-lowest level on record and a 3% drop from the final figure of 52.2 in April. June 2022 saw the all-time low of 50.0 due to rising inflation and interest rate hikes. The actual outcome was unexpected, as economists polled…