Confidence of US consumers continues to decline as Americans worry about the future
Time:2024-05-21 17:13:49 Source:sportViews(143)
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.
Previous:Hall of Fame outfielder Ken Griffey Jr. to lead Indianapolis 500 field in Corvette pace car
Next:Insider Q&A: CIA's chief technologist's cautious embrace of generative AI
You may also like
- Cruise worker 'murders newborn son on board ship': Shocked co
- Truck driver who ignored detour warnings, caused traffic chaos may be charged
- VOX POPULI: Time to end the excessive pursuit of convenience with deliveries
- Department of Internal Affairs announces cuts, winds up water reform teams
- Travis Kelce downs whiskey shot on slice of bread at Kelce Jam without Taylor Swift
- House lawmakers reject renewal of key US intelligence program
- New York appeals court rejects Donald Trump’s third request to delay Monday's hush money trial
- VOX POPULI: What jobs do children want to take in the future?
- 'Constantly learning' Imanaga off to impressive start with the Chicago Cubs