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:
Beijing gears up for Strawberry Music Festival during May Day holidayPhotography exhibition by Italian journalist opens in Xi'anState shipbuilder signs big tanker dealWarriors executive Onsi Saleh joins Hawks front office at assistant GMKentucky governor predicts trip to Germany and Switzerland will reap more business investmentsChina flays overseas talk about 'overcapacity'Peter Oosterhuis, Ryder Cup stalwart and CBS announcer, dies at 75Send us Patriots: Ukraine's battered energy plants seek air defenses against Russian attacksHyderabad pulls off 1M23 rebels seize key smartphone mineral mining town in eastern Congo
2.1117s , 5887.7734375 kb
Copyright © 2024 Powered by Confidence of US consumers continues to decline as Americans worry about the future ,Global Gazetteer news portal