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:
Related suggestion:
Mainland spokesperson applauds Ma YingCPC Leadership Discusses Draft Gov't work ReportXi says ChinaThere's spring in real estate recoveryChina champions peace, development, confronts jackals, wolves head onXi Focus: Xi stresses healthy, highChina Focus: China strives for vitality after COVID management downgradeXi Stresses Contributing to Chinese Modernization with Solid ActionsUganda says antiChina unveils ambitious plans to expand its space station
2.9176s , 6501.984375 kb
Copyright © 2024 Powered by Confidence of US consumers continues to decline as Americans worry about the future ,Global Gleam news portal