US Consumer Sentiment Crashes to Record Low: University of Michigan

‘Economic expectations will likely improve after consumers gain confidence’ the war’s supply disruptions have ended, the consumer surveys director says.

People shop at a mall in Arlington, Va. Madalina Kilroy/The Epoch Times

The war in Iran dragged consumer confidence to a historical low this month amid increasing concerns about inflationary pressures.

The University of Michigan’s preliminary April Consumer Sentiment Index, released on April 10, declined 11 percent to an all-time low of 47.6.