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.
Brit living in California shares how expensive it really is to live there
WWII bomb found in garden in UK city taken out to sea
JULIE BURCHILL: Why I spread rumours about Kate
I was deepfaked in porn videos having sex with various men
Coleen Rooney gives a glimpse into her £20million Cheshire mansion as she employs a celebrity
Food writer baffles This Morning viewers with tips for cheap lunches
Proof you CAN outrun bad genes with just four lifestyle tweaks
King Charles speaks to a royal fan about her King Charles spaniel named Camilla at Easter service