Aus Consumer News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The latest survey by The Conference Board revealed a decline in US consumer confidence, reaching its lowest level since July 2022. The consumer confidence index fell to 97.0 in April, below analysts' expectations of 104.0. Concerns about future financial conditions and the job market contributed to the decline, despite positive views on the current situation. Consumers expressed worries about elevated prices, especially for food and gas, while politics and global conflicts were secondary concerns.

"December's increase in consumer confidence reflected more positive ratings of current business conditions and job availability," said Dana Peterson, chief economist at The Conference Board, the research group that published the survey. The largest gains were seen among householders aged 35-54, "and households with income levels of $125,000 and above," she added.

Barclays is cutting staff in its U.S. consumer banking division as part of its ongoing cost-cutting efforts. The job cuts represent about 3% of employees in the division. The bank stated that it regularly reviews its business to operate more effectively and efficiently. Barclays recently announced plans for further restructuring as it aims to reduce costs and increase profits. The bank's shares fell 6% following the announcement.

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