US Consumers Continue to Feel Economic Squeeze

15 April 2008

US consumers remain resolutely gloomy in the face of the nation's worsening economic climate. The University of Michigan-Reuters Consumer Sentiment Index fell to a 26-year low in early April, plunging to 63.2 from 69.5 in March.

Comments index director Richard Curtin: "Persistently high food and fuel prices as well as rising unemployment, have caused consumers to view their future financial prospect more negatively than any other time since 1980."

Data sourced from MarketWatch / Dow Jones; additional content by WARC staff