Definition of consumer confidence noun from the Oxford Advanced Learner's Dictionary


consumer confidence

BrE BrE//kənˌsjuːmə ˈkɒnfɪdəns//
; NAmE NAmE//kənˌsuːmər ˈkɑːnfɪdəns//
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a measure of the degree of confidence people have in the economy as a whole and in their own financial situation. If consumer confidence is high, people spend more and the economy grows; the opposite is true if consumer confidence is low. Lower interest rates would boost consumer confidence.
See the Oxford Advanced American Dictionary entry: consumer confidence