Mmastodon BusinessEconomy first seen 14 h ago, last 1 h ago, peak #1
US consumer sentiment near record low, University of Michigan survey shows
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, released Friday, showed sentiment dropped in September to near the lowest level recorded in the survey's 74-year history. Shoppers' attitudes soured as persistent inflation squeezed household budgets and an underlying oil supply shock added to pressure on consumers, underscoring growing pessimism about the economy.
Why now: Fresh data showing sentiment near a historic low amid inflation and an oil supply shock is alarming news about the economy.
University of MichiganUnited States
Rank over time, top of the chart is #1. 23 snapshots from 14 h ago to 1 h ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/269880