What are the historical trends in consumer confidence?

What are the historical trends in consumer confidence?

Consumer confidence has fluctuated significantly over the decades, often influenced by economic events. For instance, it peaked in the late 1990s during the tech boom and dropped sharply during the 2008 financial crisis.

What factors typically influence consumer confidence?

Key factors include economic indicators like unemployment rates, inflation, and stock market performance, as well as political stability and consumer sentiment.

How does consumer confidence affect the economy?

High consumer confidence usually leads to increased spending, which can drive economic growth, while low confidence can result in reduced spending and economic slowdown.

Can you give examples of recent trends in consumer confidence?

Recently, consumer confidence has been impacted by the COVID-19 pandemic, with significant fluctuations as people adjusted to changing economic conditions.

Where can I find more detailed statistics on consumer confidence?

You can find detailed statistics on consumer confidence from sources like the Conference Board, the University of Michigan, and government economic reports.