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:
James Martin shares health update as he returns to TV following cancer battleIsrael accused of deadly strike on Iranian consulate in SyriaChina's Q1 foreign trade surge signals economic upturnEPHRAIM HARDCASTLE: First16 black bear cubs rescued in Lao capitalGerman chancellor arrives in SW ChinaChina to take multiple measures to upgrade basic education: MinisterChina remains top merchandise exporter in 2023 for 7th straight yearCrosby scores 42nd goal, Penguins keep playoff hopes alive with 4Chinese vice president meets Cambodian King, Queen Mother
2.0109s , 6499.3359375 kb
Copyright © 2024 Powered by Confidence of US consumers continues to decline as Americans worry about the future ,Global Gazette news portal