USA: Consumer confidence at the University of Michigan collapses

news-source=”dpa-afx”>

MICHIGAN (dpa-AFX) – The corona crisis put a massive strain on the mood of US consumers in April. The consumer confidence surveyed by the University of Michigan fell compared to the previous month by 17.3 points to 68.0 points, as the university announced on Friday based on a second estimate. In a first estimate, a somewhat greater decline was determined. Consumers’ assessment of the situation deteriorated particularly sharply, while future prospects fell less.

The University of Michigan indicator is a measure of the purchasing behavior of American consumers. It is based on a telephone survey of around 500 households. Questions are asked about the financial and economic assessment of the situation as well as the corresponding expectations.

The data at a glance:

April forecast first estimate March

Consumer climate 71.8 68.0 71.0 89.1

(in points)

/ bgf / jsl / he

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