American Consumers’ Sentiment on Economy Plunges, According to New Survey

A shopping cart in a supermarket as inflation affected consumer prices in Manhattan, New York, on June 10, 2022. Andrew Kelly/Reuters

American consumer sentiment fell this month, despite upwardly revised figures in a newly released survey.

The consumer sentiment index for November had deteriorated less than expected, and was revised to 56.8 from initial projections of 54.7 percent, according to the University of Michigan on Nov. 24.