Consumer sentiment plunges 8% [View all]
Source: CNN Business
Updated 10:46 AM EDT, Fri April 25, 2025
Washington CNN — Americans are still dreading a recession and rising inflation, even after President Donald Trump paused his massive tariff hike on dozens of countries.
Consumer sentiment plunged 8% in April from the prior month, to a final reading of 52.2, the University of Michigan said in its latest survey released Friday. That was a slightly smaller decline than a preliminary reading from earlier this month, which didn’t capture people’s reaction to Trump’s 90-day tariff delay announced on April 9.
Sentiment in April was at its fourth-lowest level on records going back to 1952.
“While this month’s deterioration was particularly strong for middle-income families, expectations worsened for vast swaths of the population across age, education, income, and political affiliation,” Joanne Hsu, the survey’s director, said in a release. “Consumers perceived risks to multiple aspects of the economy, in large part due to ongoing uncertainty around trade policy and the potential for a resurgence of inflation looming ahead.”
Read more: https://www.cnn.com/2025/04/25/economy/us-consumer-sentiment-april-final/index.html
Link to Consumer Sentiment REPORT - https://www.sca.isr.umich.edu/
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