February 12, 2021

Consumer Confidence unchanged from January reading

by Jharonne Martis.

“Amidst the inauguration of the forty‐sixth president and nearing one year with the COVID‐19 pandemic, American consumer confidence holds steady. Even so, the gain in the Jobs and decline in the Expectations subindices reveal some uneasiness,” Chris Jackson of Ipsos notes. “This can mostly be attributed to uncertainty surrounding personal finances and the future of the economy.”

Jharonne Martis, Director of Consumer Research at Refinitiv, said, “Since there’s still uncertainty as to how long the pandemic will last, “stay‐at‐home”‐related retailers and restaurant online delivery services continue to benefit. As a result, The Leisure Products, Internet & Catalog Retail, and Household Durables sectors have the highest Q4 2020 earnings growth rates at 56.8%, 42.6%, and 36%, respectively.”

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