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Last updateThu, 21 Feb 2019 3pm

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Manufacturing & The Economy

Consumer Sentiment at Two-Year Low

The University of Michigan Index of Consumer Sentiment declined in early January to its lowest level since Trump was elected. The decline was primarily focused on prospects for the domestic economy, with the year-ahead outlook for the national economy judged the worst since mid-2014. The loss was due to a host of issues including the partial government shutdown, the impact of tariffs, instabilities in financial markets, the global slowdown, and the lack of clarity about monetary policies. 

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