June 19, 2020

Consumer Confidence Rebounds in June

by Jharonne Martis.

“As coronavirus related restrictions are being increasingly relaxed at state and local levels, consumers are starting to feel increasingly confident in their personal financial situation as well as the economy overall.” Reports Chris Jackson of Ipsos, “Consumers appear to
be less worried about the pandemic and are turning their focus, and optimism, towards restarting the economy.”

Jharonne Martis, Director of Consumer Research at Refinitiv, said, “May retail sales rebounded fueled by tax refunds, government stimulus checks, and Mother’s Day purchases. This follows two months of record declines. As a result, the Refinitiv retail/restaurant earnings index is still looking at a 72.4% estimated growth rate for Q2 2020.”

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