What is the relationship between consumer confidence and spending?

What is the relationship between consumer confidence and spending?

Consumer confidence reflects how optimistic consumers feel about the economy, which directly influences their spending habits.

Can you explain how consumer confidence is measured?

Consumer confidence is typically measured through surveys that assess consumers' perceptions of the economy, job market, and their personal financial situation.

What happens when consumer confidence decreases?

When consumer confidence decreases, spending often declines as people become more cautious, leading to slower economic growth.

Are there any recent trends in consumer confidence?

Yes, recent trends show fluctuations in consumer confidence due to factors like inflation, job market changes, and global events.