Consumer Sentiment Nears Record Low As Inflation Expectations Climb

2025-05-17 01:15:00 ET

Summary

• Consumer sentiment fell for a fifth straight month as ongoing economic uncertainty and inflation worries continue to drag down consumer attitudes.
• While most index components were little changed, current assessments of personal finances sank nearly 10% on the basis of weakening incomes.
• In May, the Current Economic Conditions Index dropped to 57.6, the lowest reading since June 2022.

By Jennifer Nash

Consumer sentiment fell for a fifth straight month as ongoing economic uncertainty and inflation worries continue to drag down consumer attitudes. The Michigan Consumer Sentiment Index dropped to 50.8 in May, the second-lowest reading on record. This represents a 2.7% (1.4 points) decline from April and is lower than the 53.1 forecast. Furthermore, consumer sentiment has fallen by 26.5% (18.3 points) compared to a year ago....

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