June 17, 2021

Consumer Confidence in June 2021 Just Below Pre‐Pandemic February 2020 Level

by Jharonne Martis.

“Continued optimism is seen across the national consumer sentiment index and sub‐indices in this month’s Refinitiv/Ipsos Primary Consumer Sentiment scores. The Jobs Index displays particularly strong growth, and the Expectations Index sets a new all‐time high record,” Chris Jackson of Ipsos states. “On the other hand, the Investment Index shows slight wavering, indicating possible hesitations around spending and investing amid inflation fears and spiking prices.”

Jharonne Martis, Director of Consumer Research at Refinitiv, said, “Looking forward to anticipated Q2 2021 earnings, the Leisure Products sector has the strongest growth rate estimates. Thus, suggesting that consumers continue to purchase items that will improve the stay‐at‐home and outdoors experience. And, slowly but steady continue to increase their spending on other discretionary items.”

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