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.
DAILY MAIL COMMENT: A very good day for our united kingdom
Man United overhaul under Ratcliffe extends to new technical director
French athletes at Paris Olympics will receive better mental health protection
FedEx pledges $25 million over 5 years in NIL program for University of Memphis athletes
DAILY MAIL COMMENT: A very good day for our united kingdom
Would you like a cicada salad? The monstrous little noisemakers descend on a New Orleans menu
NWSL champion Gotham FC sign German goalkeeper Ann
Emma Roberts keeps it casual in a hoodie and Dragon Ball Z t
Jaguars cut WR Zay Jones, clearing a path to potentially sign five
Revealed: Why you should always take your own sandwiches to the airport