June 18, 2019

Consumer Confidence Flat This Month On Mixed Results

by Jharonne Martis.

“The ongoing trade war with China and Mexico ushers concerns about the future stability of the American economy. These mixed signals appear to coincide with improvements in consumer sentiments as well with fears of more expensive goods,” reports Chris Jackson of Ipsos. “The public may be starting to anticipate an imminent economic contraction.”

Jharonne Martis, Director of Consumer Research at Refinitiv, said, “These concerns were very prominent as retailers reported Q1 2019 earnings. Eighty two retailers have mentioned tariffs during their Q1 earnings call. Although they have expressed concern about proposed tariffs imposed on Chinese products, a faster and more direct hit to the consumer’s discretionary income would be tariffs imposed on Mexico. Accordingly, retailers have also lowered earnings guidance.”

To download the full report, click here.

Report Topics
Report Keywords

Get In Touch

Subscribe

Related Reports

Seventy two percent of companies in our Retail/Restaurant Index have reported Q2 2019 ...

"A combination of trade tensions, volatile markets, steady unemployment rate, and a slow ...

Sixty nine percent of companies in our Retail/Restaurant Index have reported Q2 2019 EPS. ...

Retail analysts polled by Refinitiv are cautious about Q2 earnings expectations, ...

We have updated our Privacy Statement. Before you continue, please read our new Privacy Statement and familiarize yourself with the terms.×