The data also showed the biggest concern for consumers was a potentially negative impact from tariffs.
“Concerns about the negative impact of tariffs on the domestic economy were spontaneously mentioned by nearly one-third of all consumers in the past three months, up from one-in-five in the prior four months,” Curtin said.
The U.S. slapped tariffs on goods from some of its key trade partners, including China and the European Union. Both China and the EU have retaliated with tariffs of their own. However, sentiment around trade improved this week after multiple reports said the U.S. was trying to restart trade talks with China.