July 15, 2019

Consumer Confidence Flat For July

by Jharonne Martis.

“While the unemployment rate continues to hold at a 50 year low, consumers still have some ongoing concerns surrounding job security and the possible repercussions on local economies,” reports Chris Jackson of Ipsos. “Consumers appear to be currently enjoying the benefits of low unemployment; however, they also seem to be cautious as they look into the future and what they may mean for their personal financial situation.”

Jharonne Martis, Director of Consumer Research at Refinitiv, said, “Looking in the future, analysts polled by Refinitiv are also cautions about Q2 earnings expectations. Especially since many retailers lowered their earnings guidance for Q2. For Q1 2019 retailers posted a 8.3% growth in earnings. This is expected to drop to an estimated earnings growth rate of 1.2% for Q2 2019.”

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