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
Tagovailoa misses Dolphins' OTA day to attend Saban's charity golf tournament
MIAMI GARDENS, Fla. (AP) — Tua Tagovailoa was not with the Miami Dolphins for Tuesday’s organized te2024-05-22China's new energy competitiveness honed through genuine expertise
BEIJING, April 29 (Xinhua) -- Some Western politicians allege that China's new energy industry relie2024-05-22Death toll from heavy rains in southern Brazil jumps to 29, with 60 more still mising
The death toll from heavy rains in Brazil’s southern Rio Grande do Sul state jumped to 29 as of Thur2024-05-22M23 rebels seize key smartphone mineral mining town in eastern Congo
KINSHASA, Congo (AP) — A rebel group with alleged links to Rwanda this week seized Rubaya, a mining2024-05-22China sanctions former US lawmaker who supported Taiwan
BEIJING (AP) — China on Tuesday sanctioned Mike Gallagher, a former Republican member of Congress fr2024-05-22Peter Oosterhuis, Ryder Cup stalwart and CBS announcer, dies at 75
Peter Oosterhuis, a two-time winner of the European Tour money title who later brought his distingui2024-05-22
atest comment