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US consumer sentiment plummets to second-lowest level on records going back to 1952: University of Michigan survey

  • In April, U.S. Consumer sentiment experienced a sharp decline, according to the University of Michigan index.
  • Anxiety over trade wars and rising inflation contributed to the fourth consecutive month of declining sentiment.
  • The University of Michigan's preliminary reading showed an 11% monthly drop, reaching 50.8, the lowest since COVID.
  • Joanne Hsu stated the decline was pervasive across demographics; James Knightley noted 67% feel the government performs poorly.
  • Rising unemployment expectations and long-term inflation concerns to 4.4% signal potential economic instability, economists suggest.
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Kitco NEWS broke the news in on Friday, April 11, 2025.
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