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.
Siblings trying to make US water polo teams for Paris Olympics
GT Voice: US Treasury yield signals economy in ‘vicious cycle’
CIIE: a vivid reality of the world sharing Chinese opportunities
Xi Focus: Xi Jinping Meets Ma Ying
Kristin Cavallari, 37, ignores critics of her age
3rd Belt and Road Forum will be a landmark event: Pakistani expert
London mayoral hustings descends into mayhem as Sadiq Khan is heckled by man about the 'absolute doo
Xi, Lula Send Congratulatory Letters to Seminar Involving CPC, Workers' Party of Brazil
Travis Kelce downs whiskey shot on slice of bread at Kelce Jam without Taylor Swift
U.S. Inflation Reduction Act disrupts global industrial, supply chains
Iran helicopter crash that killed President Raisi could reverberate across the Middle East
Xi Meets National Assembly of Vietnam Chairman, Urges Strong Sense of Community with Shared Future