U.S. consumer sentiment plunges to RECORD LOW in June, UMich survey
The University of Michigan’s gauge of consumer sentiment fell sharply to a record low reading of 50.2, down from a May reading of 58.4. Economists polled by the Wall Street Journal had expected an June reading of 59.
The level is comparable to the low point reached in the middle of the 1980 recession, U Mich said.
https://www.msn.com/en-us/money/markets/us-consumer-sentiment-plunges-to-record-low-in-june-umich-survey/
The University of Michigan’s gauge of consumer sentiment fell sharply to a record low reading of 50.2, down from a May reading of 58.4. Economists polled by the Wall Street Journal had expected an June reading of 59.
The level is comparable to the low point reached in the middle of the 1980 recession, U Mich said.
https://www.msn.com/en-us/money/markets/us-consumer-sentiment-plunges-to-record-low-in-june-umich-survey/