Americans’ view of the economy slides in June, wiping out gains from previous month

By MATT OTT, AP Business Writer

WASHINGTON (AP) — Americans’ view of the U.S. economy worsened in June, resuming a downward slide that had dragged consumer confidence to its lowest level since the COVID-19 pandemic five years ago.

The Conference Board said Tuesday that its consumer confidence index slid to 93 in June, down 5.4 points from 98.4 last month, which represented a brief uptick. In April, American consumers’ confidence in the economy sank to its lowest reading since May 2020, largely due to anxiety over the impact of President Donald Trump’s tariffs.

A measure of Americans’ short-term expectations for their income, business conditions and the job market fell 4.6 points to 69. That’s well below 80, the marker that can signal a recession ahead.

Consumers’ assessments of the present economic situation declined by 6.4 points to 129.1.

Related Articles


Truckers fear job loss as new English language rules take effect


Oil prices drop sharply, and stocks rally worldwide after announcement of Israel-Iran ceasefire


Powell says Fed can wait to reduce interest rates as Trump demands cuts


Federal Reserve’s Bowman says rate cut should be on table in July


Compass files lawsuit against Zillow over private home listings policy

Leave a Reply

Your email address will not be published.

Previous post Two teens, both 15, injured in shooting in St. Paul
Next post Americans’ view of the economy slides in June, wiping out gains from previous month