Confidence of US consumers continues to decline as Americans worry about the future
Time:2024-05-22 01:42:53 Source:healthViews(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:David Ortiz is humbled by being honored in New York again; this time for post
Next:China's first intelligent offshore drilling platform installed
You may also like
- Baby Reindeer's real
- Giant screen falls on stage during concert by Hong Kong boy band Mirror, two performers injured
- Hundreds fined, cars impounded at weekend street race meet
- Six ways to use up surplus chocolate, meat and vegetables from Easter according to top chefs
- Auburn running back Brian Battie on ventilator after weekend shooting in Florida, coach says
- The headphones that could ease tinnitus with a radical new treatment
- Who's a clever boy? Dogs excel in different intelligence tasks
- China and Russia hold first joint navy patrol in Pacific
- OpenAI pauses ChatGPT voice after Scarlett Johansson comparisons