U. Michigan Consumer Sentiment at Record Low (since 1952)

Preliminary May results out:

Figure 1: U.Michigan Economic Sentiment (blue), Conference Board Confidence Index (brown), Gallup Confidence (green), all demeaned and divided by standard deviation 2021M01-2025m02. Orange dashed line at “Liberation Day”, red dashed line at US-Iran War. Source: UMichigan, Gallup, Conference Board, and author’s calculations.

 

Interestingly, sentiment was down for both Republicans and Independents, while Democrats moved sideways.

Figure 2: U.Michigan Economic Sentiment for Democratic/lean Democratic (blue), Independent (chartreuse), Republican/lean Republican (red). Orange dashed line at “Liberation Day”, red dashed line at US-Iran War. Source: UMichigan.

 

3 thoughts on “U. Michigan Consumer Sentiment at Record Low (since 1952)”

  1. Macroduck

    Of particular note, respondents who identify themselves as Republican are reporting a sharp decline in confidence from April to May. The “Republican” sub-index is at its lowest level since the felon-in-chief returned to the White House.

  2. Macroduck

    Of course, Republucans are just waking up to what Democrats and Independents realized months ago – the felon-in-chief is messing up on a collisal scale. That’s what happens when you elect a felon, bankrupt, tax cheat, rapist and serial liar to high office.

  3. Anonymous

    I wonder how much these charts reflect republicans that call themselves independents just to hide lol.

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