Confidence of US consumers continues to decline as Americans worry about the future
Time:2024-05-21 17:11:46 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:Mohammad Mokhber: Who is Iran’s acting president?
Next:Children are evacuated from school 'during an exam' after threat made via email
You may also like
- Dodgers acquire pitcher Yohan Ramírez from Mets for cash
- Charli D'Amelio flashes a thong in a sheer black skirt as she narrowly avoids awkward run
- Charli D'Amelio flashes a thong in a sheer black skirt as she narrowly avoids awkward run
- Monster Georgia father is sentenced to 50 years in prison for poisoning his 18
- Election 2024: Biden and Trump bypassed the Commission on Presidential Debates
- China launches new remote sensing satellite
- China initiates program to boost employment among college graduates
- China launches construction of biomedical platform for disease research
- Liverpool confirms Arne Slot as Jurgen Klopp's replacement