December 10, 2021

Consumer Confidence Increases Slightly But Is Still Lower Than It Has Been for Much of 2021

by Jharonne Martis.

“This month’s Refinitiv/Ipsos Primary Consumer Sentiment Index sees a slight increase as Americans feel as if they may soon be able to move on from the pandemic surge caused by the Delta variant,” Chris Jackson of Ipsos states. “However, while each of the subindices increased, they remain below where they have been for much of the year, suggesting that consumers are still cautious in the face of inflation and the new Omicron variant.”

Jharonne Martis, Director of Consumer Research at Refinitiv, said, “Despite higher inflationary prices and less discounting, merchandise is flying off the shelves. The Refinitiv Retail/Restaurant Index is expected to see a robust 7.5% growth for Q4 2021.”

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