Published 2 years ago

Consumer sentiment plunges to record low in June, according to University of Michigan survey

Summary by Ground News

The University of Michigan's gauge of consumer sentiment fell sharply to a record-low reading of 50.2 in June. Economists polled by the Wall Street Journal had expected an June reading of 59.4. The level is comparable to the low point reached in the middle of the 1980 recession, the university said.

0 Articles

All

Left

Center

Right

CNN

Consumer sentiment plunges to record low amid surging inflation | CNN Business

Consumer sentiment slumped to a record low between May and June, according to preliminary survey data released by the University of Michigan on Friday.

2 years ago·Atlanta, United States

Read Full Article

KIFI

Consumer sentiment plunges to record low amid surging inflation - Local News 8

By Alicia Wallace, CNN BusinessConsumer sentiment slumped to a record low between May and June, according to preliminary survey data released by the University of Michigan on Friday.Rising inflation continues to frustrate consumers, who are growing tired of shelling out more money — and they are becoming increasingly despondent in the process.Record gas prices pushed down the consumer sentiment index to 50.2, its lowest recorded level, comparabl…

2 years ago·Idaho Falls, United States

Read Full Article

MarketWatch

Consumer sentiment plunges to record low in June, according to University of Michigan survey

The University of Michigan’s gauge of consumer sentiment fell to a record low June reading of 50.2 from a May reading of 58.4.

2 years ago·United States

Read Full Article

KWWL

Consumer sentiment plunges to record low amid surging inflation

Consumer sentiment slumped to a record low between May and June, according to preliminary survey data released by the University of Michigan on Friday.

2 years ago·Waterloo, United States

Read Full Article

New Hampshire Union Leader

U.S. consumer sentiment slumps to record low on inflation woes

U.S. consumer sentiment plunged in early June to the lowest on record as soaring inflation continued to batter household finances.

2 years ago

Read Full Article

The National Desk

Consumer sentiment drops to historic low as inflation surges

WASHINGTON (TND)— How Americans feel about the economy hit a new low point in early June, according to data from the University of Michigan released Friday. Caption: How Americans feel about the economy hit a new low point in early June, according to data from the University of Michigan released Friday. (TND) The university'spreliminary results of this month's Index of Consumer Sentiment reflected a 14% decline from May.

2 years ago

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year

Ground News Article Assistant

Not enough coverage to generate an Article Assistant.