by Jharonne Martis.
“This month’s Refinitiv/Ipsos Primary Consumer Sentiment Index finds that in the wake of continued inflationary pressure, rising interest rates, and the war in Ukraine, American’s sentiment has declined across the board” Chris Jackson of Ipsos states. “Overall consumer confidence and each of the four subindices is lower than last month. However, the decline in the jobs index is less severe than other indicies, possibly due to March’s strong jobs report.”
Jharonne Martis, Director of Consumer Research at Refinitiv, said, “The Refinitiv Retail/Restaurant Index posted a robust 48.6% estimated earnings growth rate for the fourth quarter ending 2021. However, this is expected to decline to a ‐3.6% for the first quarter of 2022, suggesting consumer spending has slowed down in the wake of higher inflation.”
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