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US Michigan Consumer Sentiment Falls to 48.2, Misses Consensus

The University of Michigan Consumer Sentiment Index for April 2026 registered 48.2, missing the consensus estimate of 49.5. This marks a decline from March’s reading of 49.8, representing a 1.6-point drop month-over-month. The index has now fallen for a second consecutive month, remaining below its 12-month rolling average of 48.92 and signaling continued weakness in US consumer confidence. The decline was primarily driven by deteriorating expectations for personal finances and the broader economy. Compared to the same period last year, sentiment remains subdued, reflecting persistent concerns about inflation and economic uncertainty. Investors are monitoring upcoming inflation data and Federal Reserve communications for further direction. Updated 5/8/26