Survey completed before market turmoil in wake of Trump tariff announcement

Last Updated: April 11, 2025 at 10:56 a.m. ET

First Published: April 11, 2025 at 10:01 a.m. ET

The numbers: The University of Michigan’s gauge of consumer sentiment fell to 50.8% in a preliminary April reading from 57.0% in the prior month. It is the lowest level since June 2022. Sentiment has dropped for four straight months and is down 30% from December.

Economists polled by the Wall Street Journal had expected an April reading of 54.6%.

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