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:
Lazio booed by own fans but Anderson leads from the front in 4QB Kellen Mond joining the New Orleans Saints to compete for a backup roleSkubal throws 5 scoreless innings, Canha homers and Tigers beat Twins 8US consumer sentiment falls slightly as outlook for inflation worsensSpeaker Johnson to meet with Trump, offers Marjorie Taylor Greene advisory role as own job teetersForsberg gets 10th career hat trick, sets Nashville scoring record as Predators beat Blackhawks 5Judge in Trump’s classified files case agrees to protect witness identitiesHe once swore off politics. Now, this Georgia activist is trying to recruit people who seldom voteAgent at Bad BunnyHeat never trail on the way to a 125
3.1452s , 6500.140625 kb
Copyright © 2024 Powered by Confidence of US consumers continues to decline as Americans worry about the future ,Global Gazette news portal