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EN
US consumer sentiment falls to 55.4 in September
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Global Current News
In September, Americans’ consumer sentiment dropped sharply and to its lowest level since May.
According to the University of Michigan’s preliminary Survey of Consumers, the sentiment index fell to 55.4, a 4.8% decrease from the August 58.2 reading.
Tariffs and trade policy add to economic uncertaintyTariffs are now impacting consumer attitudes.
Considering the increased fuel inflation, a continuing decline in economic consumer confidence could lead to a significant contraction in economic growth.
The sharp drop in economic consumer confidence in September suggests the economy of the United States is still in a very weak.
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