WASHINGTON (AP) — U.S. consumer confidence deteriorated for the third straight month as Americans continue to fret about their short-term financial futures with prices and interest rates still elevated.
The Conference Board, a business research group, said Tuesday that its consumer confidence index fell to 97 in April from 103.1 in March.
The index measures both Americans’ assessment of current economic conditions and their outlook for the next six months.
The index measuring Americans’ short-term expectations for income, business and the job market tumbled to 66.4 from 74 last month. That’s the lowest reading since July of 2022. A reading under 80 can signal a potential recession in the near future.
Consumers’ view of current conditions retreated to 142.9 from 146.8 in March.
Responses to the Conference Board’s survey showed that Americans remain concerned about high prices, particularly for food and gas.
Related articles:
Related suggestion:
Mark Hanson, Bricoleur Vineyards owner, is accused of raping and abusing his younger sister over sixBrussels warns it WON'T let The Netherlands opt out of EU rules and bring in its 'strictestTeenagers to be recruited to drive trains as government looks to ease rail staffing shortageSuspect in shooting of Slovak prime minister is escorted to his home as police search for evidenceLabour faces 'sh**show' in Islington North as veteran leftBrussels warns it WON'T let The Netherlands opt out of EU rules and bring in its 'strictestI'm a therapist... here's why women are attracted to 'bad boys'Rishi Sunak hints there won't be an election until AUTUMN during grilling on ITV's Loose WomenTwo boys, 12, stabbed teenager, 19, to death in park machete attack after victim 'shoulderKim's sister denies North Korea has supplied weapons to Russia
2.6632s , 6496.609375 kb
Copyright © 2024 Powered by Confidence of US consumers continues to decline as Americans worry about the future ,World Weaver news portal