consumer confidence
noun/kənˌsjuːmə ˈkɒnfɪdəns/
/kənˌsuːmər ˈkɑːnfɪdəns/
[uncountable] (economics)- 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.
- A fall in unemployment will help to restore consumer confidence.
- Economists forecast that falling consumer confidence will cut into household purchases.
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consumer confidence