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:
Brice Turang and Jackson Chourio hit backStepmom who starved fourHawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisisBrice Turang and Jackson Chourio hit backRyan Garcia knocks Devin Haney down 3 times and hands his amateur rival his first pro lossHaiti violence: Haitians scramble to survive as gang violence chokes capitalWhitecaps take advantage of two Seattle red cards to beat Sounders 2Yankees' slugger Aaron Judge strikes out four times, hears boos on promotional bobblehead dayShirtless James Argent displays his incredible 14MacKinnon versus Hellebuyck highlight first
2.6252s , 6604.7421875 kb
Copyright © 2024 Powered by Confidence of US consumers continues to decline as Americans worry about the future ,Culture Curves news portal