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 playw2024-05-21All to play for in Champions League quarterfinals as Mbappe looks to rekindle form for PSG
Eighteen goals. Talking points aplenty. And, crucially, all four matchups still very much alive.The2024-05-21Procuratorate orders arrest of former vice president of China Development Bank
(Xinhua) 15:05, January 11, 2024BEIJING, Jan. 11 (Xinhua) -- Designated by the Supreme People's Proc2024-05-21Tottenham and Man United advance to Women's FA Cup final in England
LONDON (AP) — Tottenham and Manchester United will contest the Women’s FA Cup final in England.Totte2024-05-21‘The Blue Angels,’ filmed for IMAX, puts viewers in the ‘box’ with the elite flying squad
If you’re looking for a little bit of that “ Top Gun: Maverick ” spectacle and thrill at the movie t2024-05-21- (Xinhua) 15:51, December 13, 2023BEIJING, Dec. 13 (Xinhua) -- A Chinese mainland spokesperson on Wed2024-05-21
atest comment