Core Viewpoint - The University of Michigan's preliminary consumer confidence index for May unexpectedly dropped to 50.8, marking the second lowest level in history, driven by rising concerns over tariffs and inflation expectations [1][2]. Consumer Confidence - The consumer confidence index for May is 50.8, lower than the expected 53.4 and down from April's 52.2, indicating a significant decline in consumer sentiment [1]. - The current conditions index is at 57.6, while the expectations index is at 46.5, nearing a 45-year low [1]. Inflation Expectations - The one-year inflation expectation is at 7.3%, the highest since 1981, while the five-year inflation expectation is at 4.6%, the highest since 1991 [2]. - Recent surveys indicate that inflation expectations have surpassed previous ranges, with long-term expectations significantly higher than post-pandemic peaks [2]. Tariff Concerns - Nearly three-quarters of respondents mentioned tariffs, highlighting trade policy as a major influence on economic outlook [4]. - Despite a temporary reduction in tariffs announced on May 12, consumer confidence remains low, as many do not believe trade policies are stable enough for future planning [5]. Financial Outlook - Consumers' views on their current financial situation have dropped to the lowest level since 2009, with financial expectations also at a new low [6]. - The consumer sentiment data is expected to impact economic growth in the coming months, as pessimistic consumer sentiment may suppress spending [7].
美国密歇根消费者信心创历史第二低,长短期通胀预期再飙升、均创数十年新高
Hua Er Jie Jian Wen·2025-05-16 17:51