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

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.

FILE - A shopper selects a carton of 18 Large Grade A eggs from a cooler in a Costco Warehouse in Cranberry, Pa., Tuesday, Jan. 28, 2025. (AP Photo/Gene J. Puskar, File)

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 theimpact 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.

Matt Ott, The Associated Press

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