US consumer sentiment falls slightly as outlook for inflation worsens
WASHINGTON (AP) — Consumer sentiment about the U.S. economy has ticked down but remains near a recent high, with Americans’ outlook largely unchanged this year.
The University of Michigan’s consumer sentiment index, released Friday in a preliminary version, slipped to 77.9 this month, down from March’s figure of 79.4. Sentiment is about halfway between its all-time low, reached in June 2022 when inflation peaked, and its pre-pandemic averages. The survey has been conducted since 1980.
“Consumers are reserving judgment about the economy in light of the upcoming election, which, in the view of many consumers, could have a substantial impact on the trajectory of the economy,” said Joanne Hsu, director of the consumer survey.
The index had dropped to 61.3 as recently as November before jumping in the following two months by the most in more than three decades. It has since moved mostly sideways.
Related articles
Pope trip to Luxembourg, Belgium confirmed for September, 2 weeks after challenging Asia visit
ROME (AP) — Pope Francis has added a stop in Luxembourg to a trip to Belgium in September, a three-d2024-05-21George Clooney, 63, to make Broadway debut in adaptation of his 2005 film Good Night, and Good Luck
George Clooney is set to make his Broadway debut at age 63.The E.R. alum, 63, will play journalist E2024-05-21A Swiss court sentences a former Gambian interior minister to 20 years for crimes against humanity
GENEVA (AP) — Switzerland’s top criminal court on Wednesday convicted a former interior minister of2024-05-21Tom Brady watches his Las Vegas Aces team win opening game of the new WNBA season
Tom Brady has been spotted in Las Vegas for the Aces' first win of the WNBA season amid NFL games th2024-05-21Children are evacuated from school 'during an exam' after threat made via email
Children have been evacuated from a school with Year 11 students told to leave mid-exam after a thre2024-05-21A fire at a marina in Croatia destroys 22 boats, causes huge damage but no injuries
ZAGREB, Croatia (AP) — A fire early at a marina in northwestern Croatia early Wednesday destroyed 222024-05-21
atest comment