October 18, 2019

Consumer Confidence Rebounds In October

by Jharonne Martis.

“We head into Q4 feeling great about our current situation while being cautious about the future,” reports Chris Jackson of Ipsos. “Americans are feeling secure in their jobs, comfortable making major purchases, and confident in their ability to invest in the
future; however, we see indication that there are still some looming concerns about the future of health of the economy.”

Jharonne Martis, Director of Consumer Research at Refinitiv, said, “Our research at Refinitiv suggests that the unemployment number has the highest correlation with consumer spending. The U.S. unemployment dropped to a 50 year low, which bodes well for consumer spending going into the holiday season. For Q4 2019 the Refinitiv Same Store Sales Index is expected to grow a healthy 2.6% vs. 4.0% in Q4 2018.”

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