Name: Explain: U.S. consumer sentiment slides to 2nd-lowest recorded level
Uploaded: 2025-05-23T19:27:13+08:00
Duration: 1 min 24 s
Description: A University of Michigan survey shows U.S. consumer sentiment has dropped to the second-lowest recorded level this month. Because consumer spending accounts for about 68 percent of the GDP in the U.S., the index is regarded as one of the many important

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01:24

A University of Michigan survey shows U.S. consumer sentiment has dropped to the second-lowest recorded level this month. Because consumer spending accounts for about 68 percent of the GDP in the U.S., the index is regarded as one of the many important economic indicators. CGTN's Wang Mengjie breaks down the data.