In April, US consumer confidence fell to its lowest since July 2022 due to labor market and business concerns, as the Conference Board's index dropped to 97.
US consumer confidence reached its lowest point since July 2022 in April, as concerns about the labor market and business conditions led to a drop in the Conference Board's index to 97 from 103.1 in March. This marks the third consecutive monthly decrease. Consumers expressed concerns about job availability, income, and the future business environment, with elevated food and gas prices also a significant worry. The survey revealed that consumer expectations for the next six months declined due to a weaker outlook for business, employment, and income.
April 29, 2024
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