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
Benedict Cumberbatch looks suave as he joins his co
Benedict Cumberbatch looked suave on Monday at the UK premiere of his upcoming psychological thrille2024-05-21Why Pret's £4.50 cheddar baguette made me swear never to buy anything from the chain again
A Pret A Manger posh cheddar baguette was once my favourite workday treat. The cheese is plentiful,2024-05-21Kaley Cuoco sells her stunning nine
Kaley Cuoco recently sold her Los Angeles mansion for nearly $5.5 million.The 38-year-old actress ha2024-05-21London, meet the new boss, same as the old boss. Mayor Sadiq Khan wins historic third term
LONDON (AP) — London Mayor Sadiq Khan has a lot of cleaning up to do. Khan, who made history Saturda2024-05-21Jude Bellingham's new model girlfriend Laura Celia Valk looks sensational in a figure
Jude Bellingham's new girlfriend Laura Celia Valk looked sensational in a figure-hugging white dress2024-05-21Shameless taxi driver who boasted to his passengers about being pulled over for speeding
A speeding taxi driver who killed a pedestrian just 16 minutes after being let off with a warning by2024-05-21
atest comment