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Michigan Consumer Sentiment Plummets Amid Prolonged Government Shutdown

11/7/2025

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Summary

Story summary

The University of Michigan's consumer sentiment index fell to 50.3 in early November, the lowest in nearly 3.5 years.
The decline is attributed to concerns about the ongoing government shutdown that has lasted over a month.
The shutdown has led to cuts to benefits for lower-income households and furloughs for federal workers.
Inflation expectations increased slightly for the next year but eased for the five-year outlook.

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Story summary

The University of Michigan's consumer sentiment index fell to 50.3 in early November, the lowest in nearly 3.5 years.
The decline is attributed to concerns about the ongoing government shutdown that has lasted over a month.
The shutdown has led to cuts to benefits for lower-income households and furloughs for federal workers.
Inflation expectations increased slightly for the next year but eased for the five-year outlook.