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
PHOTOS: At the Pet Gala, fashion goes to the dogs
NEW YORK (AP) — They may call it a catwalk, but the Pet Gala is the dogs’ time to shine.Designer Ant2024-05-22Steeled for an almighty challenge
Team China players are all smiles during a training session prior to their departure for the FIFA Wo2024-05-22New energy projects cater to Xizang's power needs
The Omatingga wind farm, the world's largest wind power project in an ultrahigh-altitude area, offic2024-05-22Southwest China's Xizang Autonomous Region reports record tourism revenue in 2023
The tourism industry in Southwest China's Xizang Autonomous Region experienced a remarkable growth i2024-05-22Fake elector case: Former Arizona GOP chair Kelli Ward and others set to be arraigned
PHOENIX (AP) — Former Arizona Republican Party chair Kelli Ward and at least 11 other people are set2024-05-22U.S. travelers benefiting from China's visa rules
Visa: Lack of interviewer causes long waitPeople from the United States who travel to China have exp2024-05-22
atest comment