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.
Georgia Republicans choose Amy Kremer, organizer of pro
China generates over 32 zettabytes of data in 2023
Hezbollah praises Iranian attack on Israel
Mick Byrne appointed head coach as Fiji targets Nations Championship
Iran helicopter crash that killed President Raisi could reverberate across the Middle East
China ramps up efforts to attract foreign investment across diverse industries
Event to promote love of reading to be held in Kunming
Israel artist refuses to open Israel pavilion at Venice Biennale
Kristin Cavallari, 37, ignores critics of her age
Xizang commemorates 65th anniversary of democratic reform that ended feudal serfdom