Summary

• Consumer sentiment plunged nearly 11% in April to its lowest level on record, a decline driven largely by the outbreak of the Iran conflict.
• The Michigan Consumer Sentiment Index fell 5.7 points to 47.6 this month, missing the 51.6 forecast.
• Year-ahead inflation expectations surged from 3.8% in March to 4.8% this month, the largest one-month increase since April 2025.

By Jennifer Nash

Consumer sentiment plunged nearly 11% in April to its lowest level on record, a decline driven largely by the outbreak of the Iran conflict. The Michigan Consumer Sentiment Index fell 5.7 points to 47.6 this

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