Share
Getting your Trinity Audio player ready...
|
Consumer confidence dipped again in April as anxiety over a slowing economy and possible recession weighed on American households.
The Conference Board reported Tuesday that its consumer confidence index fell to 101.3 in April from 104 in March.
Optimism about current conditions ticked up again, although consumers are less positive about the short-term future.
The index remains below 2022’s average level of 104.5.
The business research group’s present situation index — which measures consumers’ assessment of current business and labor market conditions — inched up to 151.1 from 148.9 last month.
The board’s expectations index — a measure of consumers’ six-month outlook for income, business and labor conditions — fell to 68.1 this month from 74 in March. A reading under 80 often signals a recession in the coming year. The Conference Board noted that reading has come in below 80 every month but one since February of 2022.
RELATED TOPICS:
After Losing Population in Recent Years, California Grows Again. Is That a Good Thing?
15 hours ago
Yellen Says Threats to Democracy Risk US Economic Growth, an Indirect Jab at Trump
2 days ago
New Sea Route for Gaza Aid on Track. Treating Starving Children Is a Priority
2 days ago
At Time of Rising Antisemitism, Holocaust Survivors Take on Denial and Hate in New Digital Campaign
2 days ago
Gov. Newsom Appoints Judges for Fresno, Merced Counties
2 days ago
Israel Briefs US on Evacuation Plan for Palestinians Ahead of Planned Rafah Assault
2 days ago
Israel Orders Al Jazeera to Close Its Local Operation, Seizes Some Equipment