Consumer sentiment plunged nearly 11% in April to its lowest level on record, a decline driven largely by the outbreak of the Iran conflict. The Michigan Consumer Sentiment Index fell 5.7 points to 47.6 this month, missing the 51.6 forecast.

CNBC's Rick Santelli breaks down the latest economic data to cross the tape. According to a University of Michigan survey, the headline index of consumer sentiment tumbled to 47.6, down 10.7% from February to its lowest on record.

Government report shows gasoline going up by 21.2 percent in March as petrol remains above $4 per gallon despite truce.

Driven by a volatile mix of escalating gas prices and financial market instability, consumer sentiment plunged nearly 6% in March to its lowest level since late 2025.

A report released by the University of Michigan on Friday showed a significant deterioration in U.S. consumer sentiment in the month

Spread the loveThe U.S. Consumer Sentiment Index has plunged to an unprecedented low of 47.6 in April 2026, marking a significant drop of 10.7% from the previous month’s figure of 53.3, according to the latest report from the University of Michigan Surveys of Consumers.

Pretty much everyone felt worse about the economy and household finances in March as the Iran war pushed up gas prices and threatened the outlook.

Eurozone consumer sentiment tumbled sharply in March as the conflict in the Middle East sent energy prices soaring and piled further pressure on households. The European Commission's flash consumer-confidence indicator for the eurozone stood at minus 16.3 ...

The war and resultant inflation is what forced capitulation by Trump. The overall index is a record low 47.6. Please consider the University of Michigan Consumer Sentiment Survey for April 2026.