Sigmanomics — The Market Forecast Engine

US Michigan Consumer Sentiment Falls Sharply Below Consensus in April

The University of Michigan’s consumer sentiment index for April 2026 registered at 47.6, missing the consensus estimate of 52. This marks a steep decline from March’s reading of 53.3, representing a drop of 5.7 points month-over-month. The April figure is the lowest since November 2023 and falls well below the 12-month rolling average of 51.23, indicating a sharp deterioration in consumer confidence. The expectations component saw the largest decrease, reflecting heightened concerns about future economic conditions among US households. Compared to the year-ago period, sentiment has weakened considerably, underscoring persistent anxieties over inflation and labor market uncertainty. Market participants are closely monitoring Federal Reserve communications and upcoming retail sales data for further signals on consumer behavior. Updated 4/10/26