- Among the most surprising developments of 2021 was the collapse in consumer confidence and sentiment survey results amidst the strong post-pandemic recovery.
- Confidence peaked in June of last year but is still well above its 2020 recessionary low, as the abundance of job openings and a tight labor market have kept this indicator at a historically strong level. Yet, concerns have started to emerge over how long this economic strength will last.
- Consumer Sentiment has plunged to a level typically only reached during recessions, as inflation is weighing very heavily on how consumers feel about their personal financial situation.
For further details see:
Confidence, Sentiment And Recession Risk