Consumer Sentiment Drops in Third Straight Month as Fuel Prices Continue to Rise

Consumer sentiment experienced a third consecutive month of decline this month, per the University of Michigan’s closely watched survey of consumers. Consumer sentiment went from 49.8 in April to 44.8 in May, a 10% drop. The dramatic decline underscores how severely the Iran conflict, combined with soaring energy prices and trade uncertainty, has eroded American… The post Consumer Sentiment Drops in Third Straight Month as Fuel Prices Continue to Rise appeared first on RISMedia.