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:
2 shot dead on outskirts of ParisContreras hits 3China to cut individual housing provident fund loan rates by 0.25 percentage pointsThe one American city that's almost beaten the war on inflationStimulus key to realty stabilityIsrael announces reopening of Kerem Shalom crossing with GazaElon Musk arrives in Indonesia's Bali to launch Starlink satellite internet serviceIsrael intensifies offensive in Gaza, strikes 120 sites: armyBrits face summer holiday chaos as Majorcans crank up their antiTesla's new mega factory project in Shanghai granted construction permit
2.8936s , 6496.71875 kb
Copyright © 2024 Powered by Confidence of US consumers continues to decline as Americans worry about the future ,Global Gleam news portal