Topline
Americans’ concerns about the economy worsened this month as consumers expressed growing concerns about rising prices and a weakening labor market, according to the University of Michigan’s widely tracked survey released Friday.
Consumers have expressed growing frustrations about rising prices “eroding their personal finances.”
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Key Facts
Consumer sentiment—a measurement on Americans’ views on the economic outlook—declined to 55.1 in September from 58.2 in August, below the historical benchmark of 100 and the lowest level since May, a reading of the University of Michigan’s survey found.
The decline in sentiment fell below Wall Street’s consensus of 55.9, according to FactSet.
This is a developing story.
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