University of Michigan Surveys of Consumers: Tariffs Weaken Confidence
August 30, 2019
August 30, 2019
ANN ARBOR, Michigan, Aug. 30 -- The University of Michigan issued the following news release:
The Consumer Sentiment Index posted its largest monthly decline in August 2019 (-8.6 points) since December 2012 (-9.8 points), according to the University of Michigan Surveys of Consumers.
The 2012 plunge reflected widespread fears among consumers that they would be pushed off the "fiscal cliff" due to rising taxes and falling government spending, said U-M economist . . .
The Consumer Sentiment Index posted its largest monthly decline in August 2019 (-8.6 points) since December 2012 (-9.8 points), according to the University of Michigan Surveys of Consumers.
The 2012 plunge reflected widespread fears among consumers that they would be pushed off the "fiscal cliff" due to rising taxes and falling government spending, said U-M economist . . .