Consumer confidence is an economic indicator which measures the degree of optimism that consumers feel about the overall state of the economy and their personal financial situation. How confident people feel about stability of their incomes determines their spending activity and therefore serves as one of the key indicators for the overall shape of the economy. In essence, if the economy expands causing consumer confidence to be higher, consumers will be making more purchases. On the other hand, if the economy contracts or is in bad shape, confidence is lower, and consumers tend to save more and spend less. A month-to-month diminishing trend in consumer confidence suggests that in the current state of the economy most consumers have a negative outlook on their ability to find and retain good jobs.
Read more about Consumer Confidence: Usage, United States, Canada, India, Israel, Spain, Worldwide, GfK NOP Consumer Confidence Barometer (UK)
Famous quotes containing the words consumer and/or confidence:
“The misery of the middle-aged woman is a grey and hopeless thing, born of having nothing to live for, of disappointment and resentment at having been gypped by consumer society, and surviving merely to be the butt of its unthinking scorn.”
—Germaine Greer (b. 1939)
“I nightly offer up my prayers to the throne of grace for the health and safety of you all, and that we ought all to rely with confidence on the promises of our dear redeemer, and give him our hearts. This is all he requires and all that we can do, and if we sincerely do this, we are sure of salvation through his atonement.”
—Andrew Jackson (1767–1845)