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.
Nina Dobrev hospitalized with a neck brace due to serious e
Palestinian death toll in Gaza rises to 34,388: Ministry
Inside seven of Britain's best secret beaches
Taylor Swift celebrates the success of The Tortured Poets Department with behind
National Television Awards 2024 nominations: Michelle Keegan and Leo Woodall go head
Lebanon's Hezbollah launches attacks targeting Israeli positions: statement
Chinese Embassy in Britain celebrates UN Chinese Language Day to promote cultural exchanges
Israeli FM says 'will suspend' Rafah operation if hostage deal reached: Media
Elon Musk gets approval from FDA to implant his Neuralink brain chip into a second patient
China's top liquor brand reports 15.59% profit surge in Q1
Candice Swanepoel wows in a shimmering black flared jumpsuit as she joins ab
Israeli FM says 'will suspend' Rafah operation if hostage deal reached: Media