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:
Hong Kong man jailed 21 months for throwing eggsHow directors, distributors and devotees are struggling to keep Hong Kong cinema aliveNo thanks to traditional meals, say Gen ZHundreds of firefighters battle Western Australia wildfireBlizzard strikes North America, cancelling flights and disrupting presidential campaignTraffic updates: Easter weekend set to beginFlushed underwear leaves council with knickers in a twistHundreds of firefighters battle Western Australia wildfireACT leader David Seymour laments 'lost decades' as coalition gets to workEaster weather: Chilly Good Friday forecast as southerly winds sweep New Zealand
2.2613s , 6515.34375 kb
Copyright © 2024 Powered by Confidence of US consumers continues to decline as Americans worry about the future ,Planet Pulse news portal