Published 2 years ago

U.S. consumer sentiment approaches 11-year low, monthly import prices unchanged

Summary by Ground News

The University of Michigan's gauge of consumer sentiment fell to 59.1 in May from a final April reading of 65.2. Economists were expecting a print of 64.1, according to a Wall Street Journal poll. Americans' expectations for overall inflation over the next year fell held steady at 5.4% in April.

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Times of India

US consumer sentiment approaches 11-year low, monthly import prices unchanged

Consumers viewed buying conditions for long-lasting manufactured goods as the worst since the survey started tracking the series in 1978.

2 years ago·India

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Reuters

U.S. consumer sentiment approaches 11-year low, monthly import prices unchanged

Worries about inflation persisted but household spending remains underpinned by a strong labor market and massive savings, which should keep the economy expanding.

2 years ago·United Kingdom

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IBTimes

U.S. Consumer Sentiment Near 11-year Low; Import Prices Unchanged In April

U.S. consumer sentiment slumped to its lowest level in nearly 11 years in early May as worries about inflation persisted, but consumer spending remains underpinned by a strong labor market and massive savings, which should keep the economy expanding. The University of Michigan's survey on Friday showed the deterioration in sentiment was across all demographics, as well as geographical and political affiliation. Gasoline prices and the stock mark…

2 years ago·United States

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Financial Post

U.S. consumer sentiment near 11-year low; import prices unchanged in April

WASHINGTON -- U.S. consumer sentiment slumped to its lowest level in nearly 11 years in early May as worries about inflation persisted, but consumer spending remains underpinned by a strong labor market and massive savings, which should keep the economy expanding. Read More

2 years ago·Canada

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Bloomberg

U.S. Consumer Sentiment Falls To Lowest In More Than A Decade

(Bloomberg) -- US consumer sentiment declined in early May to the lowest since 2011 as persistent concerns over inflation dimmed Americans’ views on the economy. Continue Reading. Read more on Bloomberg by BloombergQuint.

2 years ago·United States

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