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:
US consumer sentiment falls slightly as outlook for inflation worsensKnicks top Nets 111Kentucky GOP lawmakers remove Democratic governor's role in filling US Senate vacanciesWhat to expect in Alabama's congressional primary runoffsWhat to expect in Michigan's state house special electionsGolden Knights beat Wild 7Australia to open the Formula 1 season in 2025 as Bahrain and Saudi races shift for RamadanDemocratic donors paid more than $1M for Biden's legal bills for special counsel probeInternational migrants were attracted to large urban counties last year, Census Bureau data showsConservative Christians press Trump to do more on abortion
2.4794s , 6495.703125 kb
Copyright © 2024 Powered by Confidence of US consumers continues to decline as Americans worry about the future ,International Interplay news portal