noun phrase · academic
consumer confidence
UK/kənˈsjuːmə kənˈfɪdəns/US/kənˈsuːmər kənˈfɪdəns/con·SUM·er con·FID·ence
the degree of optimism that consumers feel about the overall state of the economy and their personal financial situation
Examples
“A rise in consumer confidence usually boosts retail sales.”
“Low consumer confidence after the crisis led to a prolonged downturn in spending.”
“Policy makers monitor consumer confidence as an indicator of economic health.”
Band 8 sentence
“Policymakers may focus on short-term stimulus to shore up consumer confidence and prevent a deeper recession.”
Collocations
- boost consumer confidence
- measures to restore consumer confidence
Word family
Common mistakes
customer confidence→consumer confidence
consumers confidence→consumer confidence
Say it for a higher band
5customer trust→6market confidence→7+consumer confidence
Synonyms
consumer sentiment
Easily confused
consumer sentiment
“The survey found that consumer sentiment had improved slightly compared with last quarter.”
Related words
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In Shopping & Money
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