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Consumer confidence rises as gas prices ease; remains below pre-Iran readings

Consumer sentiment snapped a three-month stretch of declines with a 10% rise this month as gas prices moderated, according to the University of Michigan Surveys of Consumers.

“While consumers certainly welcomed the recent decline in gas prices, the persistence of high prices overall continues to weigh on their budgets,” said Joanne Hsu, director of the surveys. “Consumers remain quite worried about the prospect of inflation eroding their living standards in the year ahead.”

Continue reading about the latest data on consumer sentiment

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About The University of Michigan

The University of Michigan, located in Ann Arbor, is one of the leading public research universities globally. Established in 1817, it is renowned for its multidisciplinary approach and a wide range of academic programs that include over 200 undergraduate majors, and numerous graduate and professional degrees. The university is also famous for its optimistic sports culture, represented by its Wolverines, and its bold school color, maize and blue. Featuring some of the most distinguished faculty in the world, it provides an innovative, inclusive, and intellectually stimulating environment for both students and staff. With a rich and vibrant presence in arts, humanities, sciences, and engineering, the University of Michigan stands as an emblem of academic excellence and diversity.

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