While there is no doubt that higher interest rates will erode purchasing power to a certain extent, and that the stability of gradual rate rises positively affects consumer sentiment
, the Australian economy provides a better-and longer lived-reason for consumer optimism.
The Bakersfield Consumer Sentiment
Index broke the record set the previous quarter, indicating that consumers are bullish on the local economy.
Increases in consumer sentiment
around technology are expressly higher, not just on a sequential basis, but also on a year-over-year basis, a good sign headed into the important fourth quarter and holiday selling season," said Shawn DuBravac, CEA's chief economist and director of research.
to a fresh 7-year high in November, AP reported.
The 8-point increase overall in optimism was the largest recorded since January 2013 when the National Association of Convenience Stores (NACS) introduced its monthly NACS Consumer Fuels Survey to examine how gas prices affect consumer sentiment
Retail sales showed faster year-on-year growth in November, largely due to positive consumer sentiment
and further expansion of inbound tourism.
Summary: US consumer sentiment
rose to its highest level in five years in October as Americans were more upbeat about prospects for the economy and their own finances, a survey released on Friday showed.
Japanese consumer sentiment
improved in March from the previous month, reflecting improvement in employment conditions and the recovery in Tokyo stock prices, the Cabinet Office said Tuesday.
But the consumer sentiment
index from KBC bank and think-tank the Economic and Social Research Institute found people still remained cautious and there was little prospect of a spending spree.
When Market: Asia Pacific last briefly reviewed the Malaysian market in January 2006 (16:1), one of the Malaysian Institute for Economic Research's (MIER) sub headings as they discussed third quarter 2006 consumer sentiment
was: "More Cheerful.
Kern County's economy improved slightly in the third quarter 2004, despite slight dips in the business outlook index and consumer sentiment
, according to the latest issue of the Kern Economic Journal, published by California State University, Bakersfield.
The usefulness of quantifying consumer sentiment
is evident in academic economic literature on business cycles.