US consumer sentiment falls slightly as outlook for inflation worsens
WASHINGTON (AP) — Consumer sentiment about the U.S. economy has ticked down but remains near a recent high, with Americans’ outlook largely unchanged this year.
The University of Michigan’s consumer sentiment index, released Friday in a preliminary version, slipped to 77.9 this month, down from March’s figure of 79.4. Sentiment is about halfway between its all-time low, reached in June 2022 when inflation peaked, and its pre-pandemic averages. The survey has been conducted since 1980.
“Consumers are reserving judgment about the economy in light of the upcoming election, which, in the view of many consumers, could have a substantial impact on the trajectory of the economy,” said Joanne Hsu, director of the consumer survey.
The index had dropped to 61.3 as recently as November before jumping in the following two months by the most in more than three decades. It has since moved mostly sideways.
Related articles
Kosovo prepares a new draft law on renting prison cells to Denmark after the first proposal failed
PRISTINA, Kosovo (AP) — Kosovo’s Cabinet renewed efforts with a new draft law on renting a prison in2024-05-21Bolt wins duel against Gatlin, again
Usain Bolt (Front) of Jamaica competes during the men's 200m final at the 2015 IAAF World Championsh2024-05-21China to trial unilateral visa
(ECNS) -- To further facilitate cross-border travel and China's high-quality development and high-st2024-05-21Fiji pins growth hopes on Chinese tourists, plans direct flights from HK
Chinese tourists can potentially boost Fiji's tourism as their numbers are expected to surge in the2024-05-21Yu Darvish extends scoreless innings streak to 25 in Padres' 9
ATLANTA (AP) — Yu Darvish dominated a slumping Braves offense and extended his career-high scoreless2024-05-21Over 3,000 passengers embark on journey aboard China's homegrown large cruise ship
China's first domestically built large cruise ship, the Adora Magic City, departs from Shanghai Wuso2024-05-21
atest comment