Michigan Consumer Sentiment Drops To 50.8, Missing Analyst Estimates

On April 11, 2025, the University of Michigan released Michigan Consumer Sentiment report. The report indicated that Consumer Sentiment declined from 57.0 in March to 50.8 in April, compared to analyst forecast of 54.5.

Current Economic Conditions declined from 63.8 in March to 56.5 in April, while Index of Consumer Expectations decreased from 52.6 to 47.2.

The University of Michigan commented: “Sentiment has now lost more than 30% since December 2024 amid growing worries about trade war developments that have oscillated over the course of the year.”

Year-ahead inflation expectations increased from 5.0% in March to as much as 6.7% in April, the highest level since 1981. Long-run inflation expectations grew from 4.1% to 4.4%.

U.S. Dollar Index settled near the 99.50 level as traders reacted to Michigan Consumer Sentiment report. From a big picture point of view, traders stay focused on the trade war between U.S. and China.

Gold moved back above the $3230 level after the release of the report. Strong demand for safe-haven assets provides material support to gold markets.

SP500 remained stuck near the 5300 level as traders evaluated Consumer Sentiment data. It remains to be seen whether the report will have a material impact on stock market dynamics. Interviews for the report were conducted between March 25 and April 8, prior to the announcement of the partial tariff reversal.

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