Paper Clips

Consumer sentiment hits record low amid fears over Iran war impact

Consumer sentiment plunged in early April to the lowest level ever recorded in the more than 70-year history of the University of Michigan’s survey.

The Index of Consumer Sentiment’s preliminary reading for April  fell to 47.6, down 10.7% from March, extending a decline that began with the start of the Iran conflict. Year-ahead inflation expectations rose to 4.8% this month from 3.8% in March. Comments show that many consumers blame the Iran conflict for unfavorable changes to the economy, according to Joanne Hsu, director, surveys of consumers.

Consumer sentiment hits record low amid fears over Iran war impact | Chain Store Age

Back To Top
×Close search
Search