US Edition
US consumer sentiment dives to a record low in April amid Iran war
Inflation expectations jumped to 4.8% as consumers blamed war-driven oil and gasoline spikes, the survey said.
- U.S. consumer sentiment fell to a record low, with the University of Michigan index dropping to 47.6 in April from 53.3 in March.
- Consumers are expecting a rise in inflation over the next 12 months, reflecting growing economic concerns.
- The decline in sentiment was broad across demographics, though most survey responses were collected before a recent ceasefire in the U.S.-Israel–Iran conflict.
31 Articles
31 Articles
'America’s not ok': Consumer sentiment just hit a 74-year low
Consumer sentiment is now at its lowest point in its 74-year recorded history, amid a soaring cost of living, skyrocketing energy prices and President Donald Trump’s war in Iran.Sentiment dropped by double digits, “lower than anything seen in the post World War II era, including during the Great Recession, the pandemic downturn and the historic inflation surge afterward,” CNN reported. It’s also worse than one year ago, when President Donald Tru…
Consumer Sentiment Hits Record Low as Iran Conflict Impacts Economy
WASHINGTON, D.C. — Consumer sentiment in the United States fell to a record low in April, driven by rising energy costs and economic uncertainty tied to the ongoing Iran conflict. A new University of Michigan survey found confidence dropped nearly 11 percent from March, continuing a decline that began after U.S. and Israeli military operations in Iran disrupted global oil markets. The closure of the Strait of Hormuz, a critical shipping route, c…
How Is The Iran War Impacting Consumer Confidence
The U.S. consumer sentiment fell to a record low in April as inflation fears surged amid the Iran conflict, according to a University of Michigan survey. The report said the sentiment index dropped 10.7% to 47.6, reflecting sharp declines in both current conditions and future expectations. Inflation expectations also rose significantly, with consumers projecting prices to increase 4.8% over the next year, up from March levels. Survey director Jo…
Consumer sentiment sinks to record low
Consumer sentiment sank to a record low in April as weeks of U.S.-Israeli strikes in Iran have impacted oil prices globally, a new University of Michigan survey found. Consumer confidence has dropped nearly 11 percent since March, a downward trend that started after the U.S. and Israel launched a joint military campaign against Iran on…
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- 66% of the sources are Center
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