Sentiment Decline

Menzie Chinn
By Menzie Chinn of Econbrowser
Professor of Public Affairs and Economics at the University of Wisconsin •

Economic sentiment is retreating as standardized measures from the University of Michigan, Conference Board, and Gallup show a synchronized decline.

Source: DepositPhotos

Standardized measures:

Figure 1: U.Michigan Economic Sentiment, using Cummings Tedeschi adjustment (blue), Conference Board Confidence Index (brown), Gallup Confidence (green), all demeaned and divided by standard deviation 2021M01-2025m02. Red dashed line at “Liberation Day” Source: UMichigan, Gallup, Conference Board, and author’s calculations.

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