US Consumer Sentiment Falls to Record-Low 44.8, Long-Term Inflation View Rises to 3.9%
The University of Michigan’s final May consumer sentiment index fell to 44.8 from a preliminary 48.2, marking the lowest reading in data back to 1952. The current-conditions gauge dropped to 45.8 from 47.8, while the expectations measure slid to 44.1 from 48.5.
Inflation expectations also moved higher. Consumers saw prices rising 4.8% over the next year, up from 4.5% in the preliminary reading and above the 4.6% forecast, while the 5- to 10-year outlook climbed to 3.9% from 3.4%.
From the sources (25 posts)
@firstsquawkU.S MICHIGAN CONSUMER SENTIMENT (MAY) ACTUAL: 44.8 VS 48.2 PREVIOUS; EST 48.2
@financialjuice🔴⚠️ University Michigan Sentiment Final Actual 44.8 (Forecast 48.2, Previous 48.2) 🔴 University Michigan 1 Yr Inflation Final Actual 4.8% (Forecast 4.6%, Previous 4.5%) 🔴University Michigan 5 Yr Inflation Final Actual 3.9% (Forecast 3.4%
@thestalwartIncredible how dismal consumer sentiment is now. It just keeps going lower. *UMICH FINAL MAY CONS. SENTIMENT AT RECORD-LOW 44.8; EST. 48.2
@thestalwartAnd this headline is going to give tons of ammo to the Fed hawks, who are arguing that that the accumulation of "one off" shocks is causing inflation expectations to unmoor *MICHIGAN 5-10 YR INFL EXPECTATIONS AT 3.9% VS PRELIM. 3.4%
@zerohedgeUMich new record lows across the board UMich Sentiment 44.8, Exp. 48.2 UMich Current Cond 45.8, Exp. 48.0 UMich Expectations 44.1, Exp. 48.5 1Yr Inflation exp. 4.8%, Exp. 4.6% 5-10Yr inflation exp. 3.9%, Exp. 3.4%
@barnes_lawRT @TheStalwart: Incredible how dismal consumer sentiment is now. It just keeps going lower. *UMICH FINAL MAY CONS. SENTIMENT AT RECORD-LO…
@businessUS consumer sentiment fell in May to a record low and long-term inflation expectations worsened notably due to the Iran war
@kevrgordonThe UMich Consumer Sentiment Survey was revised lower in May and continues to sit at a record low … so yes, this batch of consumers is saying today is worse than the financial crisis and 2020 pandemic shutdown
@lizannsondersMay revision for @UMich Consumer Sentiment Index down to record low of 44.8 vs. 48.2 initial; current conditions down to 45.8 vs. 47.8 initial; expectations down to 44.1 vs. 48.5 initial
@lizannsondersMay UMich inflation expectations revisions: 1y up to 4.8% vs. 4.5% initial; 5-10y up to 3.9% vs. 3.4% initial
@polymarketJUST IN: U.S. consumer sentiment crashes to a record low, with 57% of consumers saying high prices are “eroding” their personal finances.
@barnes_lawRT @zerohedge: As Stocks Hit Record Highs, Americans' Consumer Confidence Collapses To Record Low
@barnes_lawRT @Polymarket: JUST IN: U.S. consumer sentiment crashes to a record low, with 57% of consumers saying high prices are “eroding” their pers…
@barnes_lawRT @zerohedge: UMich new record lows across the board UMich Sentiment 44.8, Exp. 48.2 UMich Current Cond 45.8, Exp. 48.0 UMich Expectation…
@macroedgeresWorst consumer sentiment in history, personal financial readings all-time low, 1-year inflation expectations surged, even the top income earners feeling a pinch but being offset by stock speculation #MacroEdge
@charliebilelloThe US consumer sentiment index from the University of Michigan goes back to 1952. It has never been lower than it is today. Video:
@polltracker2024CNBC: Consumer sentiment hits fresh record low in May as Iran war fuels inflation worries "Consumer sentiment has tumbled to a fresh record low in May as fears of higher prices grow due to the U.S.-Iran war and elevated oil prices, the Uni
@kobeissiletterBREAKING: US Consumer Sentiment officially falls to its lowest level on record in data going back to 1952, down another -10% last month. Consumers now see inflation rising to 4.8% over the next 12 months. This puts the Consumer Sentiment
@hedgeye🚨 UMich Consumer Sentiment revises to 44.8 from 48.2, a new all-time low.
@hedgeyeJUST IN🇺🇸: U.S. Consumer sentiment falls to lowest reading on record
@brewmarketsU.S. consumer sentiment hit a record low in May.
@hedgeyeUniversity of Michigan 5-Year Inflation Expectations rise to 3.9% (Est. 3.4%, Prev. 3.4%)
@bloombergtvMichael McKee, Bloomberg's international economics and policy correspondent, discusses the latest University of Michigan consumer sentiment data, which fell to a record low of 44.8, significantly below the preliminary estimate of 48.2 https
@cnbcConsumer sentiment hits fresh record low in May as Iran war fuels inflation worries
@tftc21University of Michigan Consumer Sentiment revised down to 44.8. New all-time low. Lower than COVID. Lower than the 2022 inflation peak.