December 16, 2022

Consumer Confidence Falls to Second Lowest Point of 2022

by Jharonne Martis.

As 2022 comes to an end, December’s Refinitiv/Ipsos Primary Consumer Sentiment Index finds American consumer confidence has slipped further after three months of stability” James Diamond of Ipsos states. “The main index ends the year below the 50‐point mark, a threshold only crossed one other time since the start of 2021. Furthermore, Americans are entering 2023 feeling worse about their job security, purchasing confidence, and future expectations than they did coming into 2022.”

Jharonne Martis, Director of Consumer Research at Refinitiv, said, “Similarly, the Refinitiv Retail/Restaurant Index is looking at a ‐22.3% estimated earnings growth for the fourth quarter of 2022. Ten out of the eleven consumer‐related industries have turned negative, as Americans feel the pinch of inflation.”

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