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.

October 19, 2020

Consumer Confidence Rises Again in October

by Jharonne Martis.

“As we near closer to the election, American consumer confidence is improving. With the unemployment rate dipping down 7.9%, a measure that has declined consecutively for five months, it is not unfeasible to see why people have become more optimistic about their current and future financial situation,” notes Chris Jackson of Ipsos. “More natural volatility should be anticipated as there are many factors that go into this metric, but as long as the unemployment rate continues to drop, we can expect to see this upward trend to continue.

Jharonne Martis, Director of Consumer Research at Refinitiv, said, “Coincidentally, digital spending is also improving. The pandemic has substantially accelerated the pace and shift to online shopping. U.S. retail ecommerce sales grew 29.6% in the first half of the year. This is expected to grow in further to 46.1% in the second half of the year, according to Refinitiv IFR.”

To download the full report, click here

Report Topics

Get In Touch

Subscribe

Related Reports

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 ...

To date, 166 of the 204 companies in our Retail/Restaurant Index have reported their EPS ...

To date, 158 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