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What is "consumer confidence"

Longman Dictionary of Contemporary English
consumer confidence
noun
EXAMPLES FROM OTHER ENTRIES
▪ The report shows consumer confidence dipping to levels not seen since the severe 1981-82 recession.
EXAMPLES FROM CORPUS
▪ In a separate report, the Conference Board, a research group, said consumer confidence dropped sharply in January.
▪ Mr Major has already discovered that repossessions and defaults cost the government money as well as damaging consumer confidence and financial institutions.
▪ Some analysts cited shaky consumer confidence as a reason for the overall dismal sales.
▪ The Conference Board's index of consumer confidence also fell, for the third month running, reaching a two-year low.
▪ The government said today that consumer confidence in December plumbed its lowest level ever since consumer surveys started, in January 1987.
▪ The trends in both retail sales and consumer confidence are positive, the report said.
▪ With exports flagging, Thaksin wants to boost consumer confidence and spending.
Wikipedia
Consumer confidence

Consumer confidence is an economic indicator that measures the degree of optimism that consumers feel about the overall state of the economy and their personal financial situation.The "Consumer Confidence" studies the "Spending" and "Saving" intention of customer. If the customer has confidence on the immediate and near future economy and his/her personal finance , then he/she will spend more than saving and vice-versa. Thus , Consumer Confidence is one of the key market indicators.

In essence, if consumer confidence is high, consumers will be making more purchases. On the other hand, if confidence is low, consumers tend to save more and spend less. A month-to-month trend in consumer confidence reflects the outlook of consumers with respect to their ability to find and retain good jobs according to their perception of the current state of the economy and their personal financial situation.

Consumer confidence typically increases when the economy expands, and decreases when the economy contracts. However, this does not necessarily follow since consumers may not have perfect information on the situation of the economy. In the United States, there is evidence that the measure is a lagging indicator of stock market performance.

Usage examples of "consumer confidence".

The two men agreed that color videotape of a cockroach being plucked from a Delicate container could have a negative impact on consumer confidence.

Production capacities were expanded, stock markets exploded, and both consumer confidence and total employment hit all-time highs.

All the leading indicators are up: consumer confidence, the Purchasing Managers’.

Trying to predict what people would do--the people behind the Consumer Confidence Index who weren't consuming processed meats the way they should.