Mmastodon BusinessEconomy first seen 21 h ago, last 2 h ago, peak #1
US consumer sentiment near record low in September
Original: Consumer sentiment🚨dropped in Sept close to the lowest level ever recorded in the 74-yr history of the Univ of MI's mont
The University of Michigan's monthly consumer sentiment survey showed a sharp drop in September, coming close to the lowest reading in the 78-year-old index's history, according to data released Friday. Analysts attribute the slump to persistent inflation squeezing household budgets and an oil supply shock weighing on expectations.
Why now: Fresh data showing sentiment near a historic low signals growing economic anxiety among American consumers.
University of MichiganUS consumers
Rank over time, top of the chart is #1. 11 snapshots from 11 h ago to 2 h ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/269880