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.
Verona confirms Serie A status for another year after beating Salernitana
The 20 best shows to watch On Demand this weekend
Texas spring signals time for Ewers to slow down and enjoy football in 2024 before NFL draft
Texas Attorney General Ken Paxton can be disciplined for suit to overturn 2020 election, court says
OpenAI pauses ChatGPT voice after Scarlett Johansson comparisons
Rita Ora flashes some cleavage in a scoop
Claire Danes carries umbrella for bundled
French league delays PSG and Marseille games while both still in European competitions
California court to weigh in on fight over transgender ballot measure proposal language
Analysis: Larson enters conversation with Verstappen as best drivers in the world
Beijing Half Marathon champion has medal taken away after other runners slowed down to let him win