Affected by the US-Iran conflict, the US consumer confidence index has dropped to a new historic low.
Preliminary survey data released by the University of Michigan in the United States on the 10th showed that the preliminary value of the US Consumer Confidence Index in April was 47.6, a sharp drop of 10.7% from the March survey results, hitting a historic low. The survey showed that, influenced by the military strikes against Iran by the US and Israel, American consumers are increasingly concerned about further increases in energy prices, leading to the University of Michigan Consumer Confidence Index reaching its lowest level since records began in 1952. In addition, the University of Michigan released the preliminary value of the current economic conditions index for April as 50.1, lower than the March final value of 55.8 on a month-to-month basis; the preliminary value of the consumer expectations index is 46.1, lower than the March final value of 51.7 on a month-to-month basis. The survey predicts that prices will rise by 4.8% in the next year, reaching the highest level since August 2025; the five-year inflation expectations have been raised to 3.4%, 0.2 percentage points higher than in March, but 1 percentage point lower than a year ago.
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