Confidence of US consumers continues to decline as Americans worry about the future
Time:2024-05-01 05:43:37 Source:opinionsViews(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:Nation hailed for brokering Saudi
Next:Feature: Race against time to find survivors at epicenter of Türkiye's massive earthquakes
You may also like
- CPC Leadership Hears Work Reports
- Capitals' Nick Jensen is conscious and alert after being stretchered off the ice
- Overseas experts hail Xi's notion of building modern Chinese civilization
- With so many prospects playing well in the minors, Orioles GM has some tricky decisions ahead
- Harbin to Moscow freight train delivers vehicles to Russia
- Mainland's Taiwan affairs official meets KMT vice chairman
- Interview: U.S. discriminatory subsidies disrupt NEV supply chain: expert
- Capitals' Nick Jensen is conscious and alert after being stretchered off the ice
- Sudanese army says will help evacuate foreign nationals