University of Michigan: Largest Decline on Record for Consumer Sentiment

From the University of Michigan: Preliminary Results for April 2020 Consumer sentiment plunged 18.1 Index-points in early April, the largest monthly decline ever recorded . When combined with last month's decline, the two-month drop of 30.0 Index-points was 50% larger than the prior record. Of the two Index components, the Current Conditions Index plunged by 31.3 Index-points, nearly twice the prior record decline of 16.6 points set in October 2008. In contrast, the Expectations Index fell by 9.7 points, a substantial decline, but not nearly as steep as the record 16.5 point drop in December......(read more)

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