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.
Russian general who criticized equipment shortages in Ukraine is arrested on bribery charges
2023 CIFTIS was held with a spectacular Cultural and Tourism Services exhibition hall
Xi Says Ready to Boost Mutually Beneficial Cooperation with Liberia
World's largest span arch bridge opens to traffic
Poland arrests sabotage suspects and warns of potential hostile acts by Russia
Classic love story gets modern twist
International experts expect the Chinese economy to flourish with more technological breakthroughs
Experiencing traditional crafts at China International Fair for Trade in Services
Guardians ruin Francisco Lindor's Cleveland homecoming, trip Mets 3
Chinese, Belarusian Presidents Pledge to Enhance Ties
Ecuador: Fire department honors five rescue dogs during retirement
Ancient answers to modern questions