May 14, 2021

U.S. Consumer Confidence in May 2021 Eclipses Pre‐Pandemic Reading

by Jharonne Martis.

“Continuing the trend of growing optimism in American consumer confidence seen since the beginning of 2021, the Consumer Sentiment Index is at its highest reading since February 2020,” Chris Jackson of Ipsos says. “Significant gains are also displayed across all sub‐indices. In particular, the Current and Investment indices are each up by more than 4 points, and the Expectations Index is at its highest level in two years. Altogether, it appears that American confidence is high, and future predictions are hopeful.”

Jharonne Martis, Director of Consumer Research at Refinitiv, said, “Likewise, this sentiment is reflected among analysts polled by Refinitiv which have been raising their earnings estimates for 38% of the companies in the Refinitiv retail earnings index, including the reopening names. This suggests that consumers are feeling better about spending their discretionary income.”

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