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:
Body language expert reveals the one thing keeping Queen Mary and King Frederik togetherUnrepentant Jan. 6 rioter Derrick Evans goes up against GOP Rep. Carol Miller in West VirginiaDepleted Blue Jays overcome illness to beat Baltimore: 'This was a huge (expletive) win'Tiffany Haddish reveals if she's bothered by exFather's quick reactions save the day as he catches baby daughter when she falls out of her pramAnya TaylorInvestigators continue search for the hitA monarchy reform activist in Thailand dies in detention after a monthslong hunger strikeRisks of handcuffing someone facedown long known; people die when police training fails to keep upDemi Moore, 61, beams as she leaves the Gucci Cruise show with Nikolai von Bismarck
2.5642s , 6502.0859375 kb
Copyright © 2024 Powered by Confidence of US consumers continues to decline as Americans worry about the future ,International Impression news portal