Consumer sentiment declines — ChainStoreAge.com

Concern over the debt ceiling crisis may be impacting consumer sentiment:

“The University of Michigan’s index of consumer sentiment fell 9% to 57.7 in mid-May from 63.5 in April, erasing over half of the gains that occurred since the index hit an all-time historic low in June 2023. Both the current and short-term outlooks of consumers declined.“

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