Confidence of US consumers continues to decline as Americans worry about the future
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
Grant Shapps vows he WILL find more planes for mass parachute drop to mark 80th anniversary of D
Grant Shapps today vowed to find more planes for a mass parachute jump to mark the 80th anniversary2024-05-22US health officials warn of counterfeit Botox injections
U.S. health officials issued a warning Tuesday about counterfeit Botox injections that have sickened2024-05-22USPS commits to rerouting Reno
LAS VEGAS (AP) — The USPS announced on Tuesday it will follow through with its plan to reroute Reno-2024-05-22College students, inmates and a nun: A unique book club meets at one of the nation’s largest jails
CHICAGO (AP) — For college senior Nana Ampofo, an unconventional book club inside one of the nation’2024-05-22- Director David Cronenberg returned to the south of France to premiere his new film The Shrouds, earn2024-05-22
Eagles' Isaiah Rodgers reinstated by NFL after gambling suspension
NEW YORK (AP) — Philadelphia Eagles cornerback Isaiah Rodgers, who was suspended last season for vio2024-05-22
atest comment