A University of Michigan of Michigan survey Friday found consumer sentiment plunged 11% in April for the fourth straight month of decline. The Friday report showed that the index of consumer sentiment fell to 50.

Consumer sentiment fell sharply in April, marking the fourth consecutive month of declines, as an intensifying trade war fueled anxiety over American jobs and rising inflation. The University of Michigan's closely watched consumer sentiment index,

The university’s advance monthly consumer sentiment index for April tumbled, falling nearly 11% from a month earlier and is now more than a third lower than a year ago. Sentiment about the future fell 10% to a reading below 50 and is now almost 38% worse than 12 months ago.