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
Tourism boosts China's social, economic development
BEIJING, May 17 (Xinhua) -- China's tourism sector has witnessed a notable boom, greatly facilitatin2024-05-22Powerball: Oregon authorities reveal winner of $1.3B jackpot
SALEM, Ore. (AP) — One of the winners of a $1.3 billion Powerball jackpot this month is an immigrant2024-05-22- Police have issued a renewed appeal 30 years after an innocent woman was murdered on her doorstep in2024-05-22
- JACKSONVILLE, Fla. (AP) — The Jacksonville Jaguars exercised fifth-year contract options Monday on q2024-05-22
Company wins court ruling to continue development of Michigan factory serving EV industry
GREEN TOWNSHIP, Mich. (AP) — A judge has ordered a Michigan community to stop blocking efforts to br2024-05-22Philips will pay $1.1 billion to resolve US lawsuits over breathing machines that expel debris
WASHINGTON (AP) — Medical device maker Philips said Monday it will pay $1.1 billion to settle hundre2024-05-22
atest comment