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
Russian theater director and playwright go on trial over a play authorities say justifies terrorism
TALLINN, Estonia (AP) — A Russian court on Monday opened the trial of a theater director and a playw2024-05-21Ivey signs bill putting response deadlines in state's weak open records law
MONTGOMERY, Ala. (AP) — Alabama Gov. Kay Ivey on Wednesday signed legislation that would put respons2024-05-21Real Madrid rallies late to beat Bayern 2
MADRID (AP) — After yet another magical night at the Santiago Bernabeu Stadium, Real Madrid is back2024-05-21Dallas Stars in familiar hole after 6th Game 1 1oss. Avs look to put them down 0
The Dallas Stars are in an all-too familiar hole.This is their sixth consecutive playoff series over2024-05-21Siblings trying to make US water polo teams for Paris Olympics
WALNUT, Calif. (AP) — Chase Dodd started swimming when he was just a kid. Once he began playing wate2024-05-21Madonna shares epic 'memories' from Celebration tour
Madonna is already reminiscing about her Celebration Tour, which she wrapped up in Brazil on Saturda2024-05-21
atest comment