March 15, 2019

Consumer Confidence Steady In February

by Jharonne Martis.

“Last month’s decline has stabilized as the shutdown has faded into the rearview,” reports Chris Jackson, Vice President at survey research firm Ipsos. “This month we saw mostly steady readings with some increased optimism toward the job market. We will need to monitor this trend in next month’s PCSI to see if the effects of last week’s disappointing jobs report negatively impacts the public.”

Jharonne Martis, Director of Consumer Research at Refinitiv, said, “The retail earnings forecast for 2019 is lower than the 2018 results, which is in line with the Expectations Sentiment Index. This means that both consumer and investor sentiments show concern about the future. Analysts polled by Refinitiv have been lowering their 2019 earnings estimates. As a result, the Q1 2019 Refinitiv Retail earnings Index has declined further to a 2.4% growth rate estimate, and remains in the single digits growth for most of 2019.”

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