Gelonghui April 26| Joanne Hsu, director of consumer surveys at the University of Michigan, saidwemadeweb3Consumer confidence continued to stabilize and remained basically unchanged for the third consecutive month. Confidence has remained stable at 2 per cent since Januarywemadeweb3Within the narrow range of.5 points, significant differences will occur only when readings well below 4.8 points. Long-term business prospects rose slightly to their highest level since June 2021, while views on personal finances softened. This month, sentiment among Republicans dropped significantly, while Democrats and independents did not. The confidence of young consumers has increased, while the confidence of middle-aged and elderly consumers has not changed much or declined. Overall, consumers continue to express uncertainty about the future economic trend ahead of the upcoming election results, but there is currently no evidence that global geopolitical factors are the top concern for consumers.
