September 10, 2021

Consumer Confidence Makes a Slight Recovery, But Remains Lower Than It Was In Early Summer

by Jharonne Martis.

“Following a turbulent month for consumer sentiment, this month’s Refinitiv/Ipsos Primary Consumer Sentiment Index increases, and so do all the sub‐indices. Despite these gains, the index and all four sub‐indices remain below their late spring and early summer readings,” Chris Jackson of Ipsos states. “Although consumer sentiment is generally on par with where it stood before the pandemic, optimism about the economic recovery has dampened as another wave of the pandemic hits the country.”

Jharonne Martis, Director of Consumer Research at Refinitiv, said, “The Delta variant continues to triggers shifts in consumer sentiment, and this is reflected in the retail sales and earnings results. Ninety‐seven percent of companies in the Refinitiv Retail/Restaurant Index have reported Q2 2021 earnings. As people cope with the Delta variant, it is clear that their spending is focused on improving the stay‐at‐home experience.”

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