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
Scottie Scheffler's Louisville court date postponed after arrest during PGA Championship
LOUISVILLE, Ky. (AP) — A Kentucky court has postponed pro golfer Scottie Scheffler’s appearance on c2024-05-21China slams harassment of ship crew by US Customs
Foreign Ministry spokesman Wang Wenbin speaks at a press conference in Beijing, on Aug 29, 2023. [Ph2024-05-214 dead in Ecuador traffic accident
QUITO, April 12 (Xinhua) -- At least 4 people were killed and 16 injured after a bus overturned on a2024-05-21Brazilian president inaugurates 1st shipment of meat exports to China
BRASILIA, April 12 (Xinhua) -- Brazilian President Luiz Inacio Lula da Silva on Friday inaugurated t2024-05-21Hall of Fame outfielder Ken Griffey Jr. to lead Indianapolis 500 field in Corvette pace car
INDIANAPOLIS (AP) — Hall of Fame outfielder Ken Griffey Jr. will drive the pace car for the 108th ru2024-05-21Chinese President Appoints New Ambassadors
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21
atest comment