Definitions for "Consumer confidence"
One of the important measures used by the financial world to gauge the likely course of the economy. In both the US and UK, surveys have indicated that consumer confidence is plummeting, raising fears of a worldwide recession as demand dries up and production falls.
A measure of overall economic health that focuses on consumers' sentiment, savings plans, and spending plans.
Consumption is a major influence on the economy. The willingness of consumers to spend is closely watched as a main indicator for future economic performance. It is measured by an index.