U-M survey: consumer confidence drops to 2022 lows across political and demographic lines

By: Katherine Dailey

Outlets: Michigan Advance

Published: April 27, 2026

Words: 327

Last Updated: 3 months ago

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Consumer sentiment dropped for the second month in a row, according to the University of Michigan Surveys of Consumers, with respondents citing concerns about the Iran War, resulting in high gas prices and poor buying conditions.

“The Iran conflict appears to be passing through to consumer views primarily through effects on prices, particularly gas and energy prices stemming from disruptions to shipping,” University of Michigan economist Joanne Hsu, director of the surveys, said in …

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