Consumer sentiment nears lowest level ever as worries build over shutdown

Consumer sentiment slides to near-lowest level on record as government shutdown drags on

U.S. consumer sentiment declined to its lowest level in more than three years and near an all-time low as households' concerns about the economic impact of the government shutdown mounted, according to new data.The University of Michigan's Index of Consumer Sentiment preliminary reading for November was 50.3, well below the 53.2 expected by economists polled by LSEG. That's the lowest level for consumer sentiment reported by the index since a re…

Consumer sentiment falls to record-low territory as shutdown adds stress

The University of Michigan's long-running consumer sentiment index recorded a preliminary November reading of just 50.3. That's barely above the record low.

Consumer sentiment has plunged nearly 30% from just a year ago

Consumer sentiment dropped to a three-year low and close to the lowest point ever recorded by the University of Michigan one month into the government shutdown, with pessimism over personal finances and anticipated business conditions weighing on Americans. The November survey showed the index of consumer sentiment at 50.4, down a startling 6.2% from last month and it plunged nearly 30% from a year ago. Economists were caught off guard. Those po…

US Consumer Sentiment Weakens in November as Government Shutdown Drags ...

US consumer sentiment declines to near lowest on record

U.S. consumer sentiment tumbled to near the lowest on record as the government shutdown weighed on the economic outlook and high prices soured views about personal finances.

Sentiment Slump: How U.S. Consumer Confidence Affected by Government Shutdown

Sentiment Slump: How U.S. Consumer Confidence Affected by Government Shutdown U.S. consumer sentiment has plummeted to its lowest in over three years amid concerns about the ongoing government shutdown's economic consequences. The lengthy federal closure has disrupted services, notably food benefit payments and flight operations, causing apprehension across households.The University of Michigan survey revealed a K-shaped recovery, highlighting d…