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.
Revealed: Brit tourist, 19, subjected to sex attack in Majorca 'was gang
Christina Aguilera leaves RCA Records after spending her entire 26
2024 PGA Championship: Tee times revealed for Rory McIlroy, Scottie Scheffler and Co at Valhalla
OpenAI pauses ChatGPT voice after Scarlett Johansson comparisons
A third miner is declared dead in a cave
Alexa Chung dazzles in a green sequinned co
Julia Fox makes VERY risque joke about her two
Yu Darvish extends scoreless innings streak to 25 in Padres' 9
California congressman urges closer consultation with tribes on offshore wind
Christina Aguilera leaves RCA Records after spending her entire 26