US EditionConsumer Sentiment Slumps Near Record Low: University of Michigan
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3 Articles
Consumer Sentiment Matches Record Low Level in November
November result matches record low in August 2022 when inflation had been over 8%. Consumer sentiment was down both month-over-month and year-over-year in November, though was trending higher following the resolution of the government shutdown, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index fell to 51.0 in November, down 2.6 …
Both the assessment of their immediate financial situation and the perception regarding the purchase of durable goods went back more than 10%, reflecting the persistent impact of inflation and the pressure on income.The global reading of consumer confidence was again among the lowest recorded.Although the temporary closure of the federal government had led to a slight improvement in the middle of the month, that upturn was insufficient.According…
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