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:
Tom Cruise 'hires hawks' to prevent pigeon chaos during Mission Impossible 8 filming in LondonFuriosa: A Mad Max Saga star Anya TaylorDeion Sanders, son respond to social media criticisms over how coach handled transfers at ColoradoA new Statehouse and related projects will cost about $400 millionGiving Putin the slip! 98Lightning coach Jon Cooper apologizes for inappropriate comment about putting skirts on goaliesUnited States defender Sergiño Dest will miss the Copa America. He needs surgery for torn ACLTom Cruise, 61, is 'flattered' at being on 38John Mulaney reveals he cracked his teeth trying to get off benzo drugs Xanax and KlonopinLisa Kudrow, 60, cuts a youthful figure as she films new Netflix show No Good Deed in LA
2.1853s , 6504.4609375 kb
Copyright © 2024 Powered by Confidence of US consumers continues to decline as Americans worry about the future ,World Wave news portal