Our Privacy Statment & Cookie Policy

All LSEG websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.

August 14, 2020

Consumer Confidence Drops in August

by Jharonne Martis.

“Consumer confidence among Americans has resumed a downward trend during the pandemic after holding steady last month. As new virus hot spots have fully established themselves across the country, American consumer confidence is reflecting the impact,” says Chris Jackson of Ipsos. “While many consumers are embracing a new normal, it has become increasingly difficult for them to maintain confidence as the virus rages and unemployment numbers are at levels unparalleled in the last decade.”

Jharonne Martis, Director of Consumer Research at Refinitiv, said, “Retail earnings estimates are also trending downwards. The Refinitiv U.S. Retail and Restaurant Q2 202 earnings index is expected to show a 55.9% change, below Q1 2020 results. If consumers don’t feel that the unemployment numbers will improve, they will continue holding back on spending.”

To download the full report, click here.

Report Topics

Get In Touch

Subscribe

Related Reports

U.S. retail sales smashed expectations in March, with total sales (mkt +0.3% m/m) up ...

WASHINGTON, DC - The LSEG/Ipsos Primary Consumer Sentiment Index for April 2024 is ...

The LSEG/Ipsos Primary Consumer Sentiment Index for March 2024 is at 53.1. Fielded from ...

To date, 186 of the 204 companies in our retail/restaurant index have reported their EPS ...

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