100+ datasets found
  1. Great Recession: consumer confidence level in the U.S. 2007-2010

    • statista.com
    • flwrdeptvarieties.store
    Updated Sep 2, 2024
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    Statista (2024). Great Recession: consumer confidence level in the U.S. 2007-2010 [Dataset]. https://www.statista.com/statistics/1346284/consumer-confidence-us-great-recession/
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    Dataset updated
    Sep 2, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2007 - Jan 2010
    Area covered
    United States
    Description

    The Great Recession was a period of economic contraction which came in the wake of the Global Financial Crisis of 2007-2008. The recession was triggered by the collapse of the U.S. housing market and subsequent bankruptcies among Wall Street financial institutions, the most significant of which being the bankruptcy of Lehman Brothers in September 2008, the largest bankruptcy in U.S. history. These economic convulsions caused consumer confidence, measured by the Consumer Confidence Index (CCI), to drop sharply in 2007 and the beginning of 2008. How does the Consumer Confidence Index work? The CCI measures household's expectation of their future economic situation and, consequently, their likely future spending and savings decisions. A score of 100 in the index would indicate a neutral economic outlook, with consumers neither being optimistic nor pessimistic about the near future. Scores below 100 are then more pessimistic, while scores above 100 indicate optimism about the economy. Consumer confidence can have a self-fulfilling effect on the economy, as when consumers are pessimistic about the economy, they tend to save and postpone spending, contracting aggregate demand and causing the economy to slow down. Conversely, when consumers are optimistic and willing to spend, this can have a reinforcing effect as wages and employment may rise when consumers spend more. CCI and the Great Recession As the reality of the trouble which the U.S. financial sector was in set in over 2007, consumer confidence dropped sharply from being slightly positive, to being deeply pessimistic by the Summer of 2008. While confidence began to slowly rebound up until September 2008, with the panic caused by Lehman's bankruptcy and the freezing of new credit creation, the CCI plummeted once more, reaching its lowest point during the recession in February 2008. The U.S. government stepped in to prevent the bankruptcy of AIG in 2008, promising to do the same for any future possible failures in the financial system. This 'backstopping' policy, whereby the government assured that the economy would not be allowed to fall further into crisis, along with the Federal Reserve's unconventional monetary policies used to restart the economy, contributed to a rebound in consumer confidence in 2009 and 2010. In spite of this, consumers still remained pessimistic about the economy.

  2. Consumer confidence indicator in Belgium in 2018-2025, by region

    • statista.com
    Updated Mar 3, 2025
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    Consumer confidence indicator in Belgium in 2018-2025, by region [Dataset]. https://www.statista.com/statistics/593548/belgium-consumer-confidence-indicator-by-region/
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    Dataset updated
    Mar 3, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2018 - Dec 2024
    Area covered
    Belgium
    Description

    This statistic shows the consumer confidence indicator in Flanders, Wallonia and the Brussels Capital Region from January 2018 to December 2025. Every month, a completely different representative sample of 1,850 people is questioned about the macroeconomic situation in Belgium and their own financial position and consumer behavior. The sample is representative for the geographic, social and demographic differences in Belgium. Macroeconomic questions on unemployment and the Belgian economy, and personal questions about the financial position of the household and the savings of the household are used to calculate the consumer confidence indicator. Overall, the consumer confidence in the Flemish region is higher than that of the Walloon and Brussels Capital region.A consumer confidence indicator characterizes the general opinion of consumers in a defined period and is designed to show how optimistic or pessimistic consumers feel about the financial situation of households and how various factors, such as unemployment or savings expectations, affect their future behavior. Respondents are asked questions in a survey, with both positive and negative answers being possible. The number of positive and negative answers to each of the questions are totaled, leading to the indicator.

  3. T

    Brazil FGV Consumer Confidence

    • tradingeconomics.com
    • jp.tradingeconomics.com
    • +17more
    csv, excel, json, xml
    Updated Feb 24, 2025
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    TRADING ECONOMICS (2025). Brazil FGV Consumer Confidence [Dataset]. https://tradingeconomics.com/brazil/economic-optimism-index
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    excel, csv, json, xmlAvailable download formats
    Dataset updated
    Feb 24, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Sep 30, 2005 - Mar 31, 2025
    Area covered
    Brazil
    Description

    Economic Optimism Index in Brazil increased to 84.30 points in March from 83.60 points in February of 2025. This dataset provides - Brazil Economic Optimism Index- actual values, historical data, forecast, chart, statistics, economic calendar and news.

  4. Consumer confidence index in Norway quarterly 2018-2025

    • flwrdeptvarieties.store
    • statista.com
    Updated Jul 3, 2024
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    Einar H. Dyvik (2024). Consumer confidence index in Norway quarterly 2018-2025 [Dataset]. https://flwrdeptvarieties.store/?_=%2Ftopics%2F9694%2Finflation-in-the-nordic-countries%2F%23zUpilBfjadnL7vc%2F8wIHANZKd8oHtis%3D
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    Dataset updated
    Jul 3, 2024
    Dataset provided by
    Statistahttp://statista.com/
    Authors
    Einar H. Dyvik
    Area covered
    Norway
    Description

    The consumer confidence index (CCI) in Norway dropped to minus 36.6 in the first quarter of 2023 and remained historically low through 2023. This was the lowest value ever measured since the index started in 1992. Rising costs of living made Norwegian consumers pessimistic about the future through 2022 and 2023. However, consumer confidence started increasing in 2024, but remained negative. A positive value indicates that the consumers are optimistic about the economic situation, while a negative value indicates pessimism.

  5. U

    United States Consumer Confidence Score: Job Loss: Negative Response

    • ceicdata.com
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    CEICdata.com, United States Consumer Confidence Score: Job Loss: Negative Response [Dataset]. https://www.ceicdata.com/en/united-states/consumer-confidence-survey/consumer-confidence-score-job-loss-negative-response
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    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 1, 2022 - Dec 1, 2022
    Area covered
    United States
    Variables measured
    Consumer Survey
    Description

    United States Consumer Confidence Score: Job Loss: Negative Response data was reported at 74.645 Score in Jan 2023. This records a decrease from the previous number of 77.015 Score for Dec 2022. United States Consumer Confidence Score: Job Loss: Negative Response data is updated monthly, averaging 66.000 Score from Jan 2002 (Median) to Jan 2023, with 253 observations. The data reached an all-time high of 86.173 Score in Dec 2018 and a record low of 29.000 Score in Dec 2009. United States Consumer Confidence Score: Job Loss: Negative Response data remains active status in CEIC and is reported by Ipsos Group S.A.. The data is categorized under Global Database’s United States – Table US.IPSOS: Consumer Confidence Survey.

  6. T

    Colombia Consumer Confidence

    • tradingeconomics.com
    • fa.tradingeconomics.com
    • +16more
    csv, excel, json, xml
    Updated Mar 14, 2025
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    TRADING ECONOMICS (2025). Colombia Consumer Confidence [Dataset]. https://tradingeconomics.com/colombia/consumer-confidence
    Explore at:
    json, xml, excel, csvAvailable download formats
    Dataset updated
    Mar 14, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Nov 30, 2001 - Feb 28, 2025
    Area covered
    Colombia
    Description

    Consumer Confidence in Colombia decreased to -12 points in February from -1.10 points in January of 2025. This dataset provides - Colombia Consumer Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  7. G

    Germany Consumer Confidence Score: Major Purchase: Negative Response

    • ceicdata.com
    Updated Oct 15, 2022
    + more versions
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    CEICdata.com (2022). Germany Consumer Confidence Score: Major Purchase: Negative Response [Dataset]. https://www.ceicdata.com/en/germany/consumer-confidence-survey/consumer-confidence-score-major-purchase-negative-response
    Explore at:
    Dataset updated
    Oct 15, 2022
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 1, 2022 - Dec 1, 2022
    Area covered
    Germany
    Variables measured
    Consumer Survey
    Description

    Germany Consumer Confidence Score: Major Purchase: Negative Response data was reported at 69.973 Score in Jan 2023. This records a decrease from the previous number of 74.417 Score for Dec 2022. Germany Consumer Confidence Score: Major Purchase: Negative Response data is updated monthly, averaging 59.913 Score from Mar 2010 (Median) to Jan 2023, with 155 observations. The data reached an all-time high of 75.867 Score in Oct 2022 and a record low of 50.291 Score in Nov 2018. Germany Consumer Confidence Score: Major Purchase: Negative Response data remains active status in CEIC and is reported by Ipsos Group S.A.. The data is categorized under Global Database’s Germany – Table DE.IPSOS: Consumer Confidence Survey.

  8. M

    Mexico Consumer Confidence Score: Investing in Future: Negative Response

    • ceicdata.com
    Updated Jun 27, 2021
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    CEICdata.com (2021). Mexico Consumer Confidence Score: Investing in Future: Negative Response [Dataset]. https://www.ceicdata.com/en/mexico/consumer-confidence-survey/consumer-confidence-score-investing-in-future-negative-response
    Explore at:
    Dataset updated
    Jun 27, 2021
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 1, 2022 - Dec 1, 2022
    Area covered
    Mexico
    Variables measured
    Consumer Survey
    Description

    Mexico Consumer Confidence Score: Investing in Future: Negative Response data was reported at 50.059 Score in Jan 2023. This records a decrease from the previous number of 56.353 Score for Dec 2022. Mexico Consumer Confidence Score: Investing in Future: Negative Response data is updated monthly, averaging 61.746 Score from Mar 2010 (Median) to Jan 2023, with 155 observations. The data reached an all-time high of 76.964 Score in May 2020 and a record low of 31.750 Score in Mar 2019. Mexico Consumer Confidence Score: Investing in Future: Negative Response data remains active status in CEIC and is reported by Ipsos Group S.A.. The data is categorized under Global Database’s Mexico – Table MX.IPSOS: Consumer Confidence Survey.

  9. Consumer confidence in the euro area & EU January 2025

    • statista.com
    Updated Feb 21, 2025
    + more versions
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    Consumer confidence in the euro area & EU January 2025 [Dataset]. https://www.statista.com/statistics/411562/consumer-confidence-in-the-euro-area-and-eu/
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    Dataset updated
    Feb 21, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2022 - Jan 2025
    Area covered
    Europe
    Description

    The statistic shows an index of consumer confidence in the euro area and the EU from January 2022 to January 2025. According to the source, consumer confidence is shown by seasonally adjusted numerical averages (answers) to selected questions that are closely related to the reference variables being tracked (e.g. expectations around personal financial situation in the next twelve months, savings, prosperity to buy). A positive value indicates that the consumers are optimistic about the economic situation; a negative value indicates pessimism. In January 2025, the consumer confidence in the euro area amounted to -14.2 points.

  10. Japan Consumer Confidence Score: Current Financial Situation: Negative...

    • ceicdata.com
    Updated Jan 26, 2023
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    CEICdata.com (2023). Japan Consumer Confidence Score: Current Financial Situation: Negative Response [Dataset]. https://www.ceicdata.com/en/japan/consumer-confidence-survey/consumer-confidence-score-current-financial-situation-negative-response
    Explore at:
    Dataset updated
    Jan 26, 2023
    Dataset provided by
    CEIC Data
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Feb 1, 2022 - Jan 1, 2023
    Area covered
    Japan
    Variables measured
    Consumer Survey
    Description

    Japan Consumer Confidence Score: Current Financial Situation: Negative Response data was reported at 58.029 Score in Jan 2023. This records a decrease from the previous number of 58.211 Score for Dec 2022. Japan Consumer Confidence Score: Current Financial Situation: Negative Response data is updated monthly, averaging 54.093 Score from Mar 2010 (Median) to Jan 2023, with 155 observations. The data reached an all-time high of 67.000 Score in Jan 2011 and a record low of 35.001 Score in Mar 2019. Japan Consumer Confidence Score: Current Financial Situation: Negative Response data remains active status in CEIC and is reported by Ipsos Group S.A.. The data is categorized under Global Database’s Japan – Table JP.IPSOS: Consumer Confidence Survey.

  11. S

    Spain Consumer Confidence Score: Future Local Economy: Negative Response

    • ceicdata.com
    Updated Jun 27, 2021
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    CEICdata.com (2021). Spain Consumer Confidence Score: Future Local Economy: Negative Response [Dataset]. https://www.ceicdata.com/en/spain/consumer-confidence-survey/consumer-confidence-score-future-local-economy-negative-response
    Explore at:
    Dataset updated
    Jun 27, 2021
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 1, 2022 - Dec 1, 2022
    Area covered
    Spain
    Variables measured
    Consumer Survey
    Description

    Spain Consumer Confidence Score: Future Local Economy: Negative Response data was reported at 27.988 Score in Jan 2023. This records a decrease from the previous number of 29.745 Score for Dec 2022. Spain Consumer Confidence Score: Future Local Economy: Negative Response data is updated monthly, averaging 22.000 Score from Mar 2010 (Median) to Jan 2023, with 155 observations. The data reached an all-time high of 56.213 Score in Apr 2020 and a record low of 11.961 Score in Jun 2017. Spain Consumer Confidence Score: Future Local Economy: Negative Response data remains active status in CEIC and is reported by Ipsos Group S.A.. The data is categorized under Global Database’s Spain – Table ES.IPSOS: Consumer Confidence Survey.

  12. Turkey Consumer Confidence Score: Future Job Loss: Negative Response

    • ceicdata.com
    Updated Nov 15, 2024
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    CEICdata.com (2024). Turkey Consumer Confidence Score: Future Job Loss: Negative Response [Dataset]. https://www.ceicdata.com/en/turkey/consumer-confidence-survey/consumer-confidence-score-future-job-loss-negative-response
    Explore at:
    Dataset updated
    Nov 15, 2024
    Dataset provided by
    CEIC Data
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 1, 2022 - Dec 1, 2022
    Area covered
    Turkey
    Variables measured
    Consumer Survey
    Description

    Turkey Consumer Confidence Score: Future Job Loss: Negative Response data was reported at 33.821 Score in Jan 2023. This records an increase from the previous number of 31.658 Score for Dec 2022. Turkey Consumer Confidence Score: Future Job Loss: Negative Response data is updated monthly, averaging 27.135 Score from Mar 2010 (Median) to Jan 2023, with 155 observations. The data reached an all-time high of 38.943 Score in Sep 2022 and a record low of 14.361 Score in May 2020. Turkey Consumer Confidence Score: Future Job Loss: Negative Response data remains active status in CEIC and is reported by Ipsos Group S.A.. The data is categorized under Global Database’s Turkey – Table TR.IPSOS: Consumer Confidence Survey.

  13. T

    Turkey Consumer Confidence Score: Investing in Future: Negative Response

    • ceicdata.com
    Updated Jan 15, 2025
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    CEICdata.com (2025). Turkey Consumer Confidence Score: Investing in Future: Negative Response [Dataset]. https://www.ceicdata.com/en/turkey/consumer-confidence-survey/consumer-confidence-score-investing-in-future-negative-response
    Explore at:
    Dataset updated
    Jan 15, 2025
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Feb 1, 2022 - Jan 1, 2023
    Area covered
    Türkiye
    Variables measured
    Consumer Survey
    Description

    Turkey Consumer Confidence Score: Investing in Future: Negative Response data was reported at 80.908 Score in Jan 2023. This records an increase from the previous number of 75.645 Score for Dec 2022. Turkey Consumer Confidence Score: Investing in Future: Negative Response data is updated monthly, averaging 68.416 Score from Mar 2010 (Median) to Jan 2023, with 155 observations. The data reached an all-time high of 85.962 Score in Jul 2022 and a record low of 48.800 Score in Jul 2011. Turkey Consumer Confidence Score: Investing in Future: Negative Response data remains active status in CEIC and is reported by Ipsos Group S.A.. The data is categorized under Global Database’s Turkey – Table TR.IPSOS: Consumer Confidence Survey.

  14. Consumer confidence in the Netherlands compared to European Union 2024

    • statista.com
    Updated Mar 3, 2025
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    Statista (2025). Consumer confidence in the Netherlands compared to European Union 2024 [Dataset]. https://www.statista.com/statistics/585102/netherlands-consumer-confidence-compared-to-europe/
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    Dataset updated
    Mar 3, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2024 - Dec 2024
    Area covered
    Netherlands
    Description

    This statistic shows the consumer confidence in the Netherlands compared to Europe from January 2024 to December 2024. A consumer confidence indicator characterizes the general opinion of consumers in a defined period and is designed to show how optimistic or pessimistic consumers feel about the financial situation of households and how various factors, such as unemployment or savings expectations, affect their future behavior. Respondents are asked questions in a survey, with both positive and negative answers being possible. The number of positive and negative answers to each of the questions are totaled, leading to the indicator. Overall, the Dutch consumer is similar to the European average.

  15. T

    Netherlands Consumer Confidence

    • tradingeconomics.com
    • da.tradingeconomics.com
    • +17more
    csv, excel, json, xml
    Updated Mar 21, 2025
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    TRADING ECONOMICS (2025). Netherlands Consumer Confidence [Dataset]. https://tradingeconomics.com/netherlands/consumer-confidence
    Explore at:
    excel, csv, json, xmlAvailable download formats
    Dataset updated
    Mar 21, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Apr 30, 1986 - Mar 31, 2025
    Area covered
    Netherlands
    Description

    Consumer Confidence in Netherlands decreased to -34 points in March from -32 points in February of 2025. This dataset provides - Netherlands Consumer Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  16. U.S. monthly Consumer Confidence Index 2019-2024

    • statista.com
    Updated Mar 10, 2025
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    Statista (2025). U.S. monthly Consumer Confidence Index 2019-2024 [Dataset]. https://www.statista.com/statistics/1252924/us-monthly-consumer-price-index/
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    Dataset updated
    Mar 10, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2019 - Oct 2024
    Area covered
    United States
    Description

    In October 2024, the Consumer Confidence Index (CCI) of the United States stood at 98.22. The CCI in the U.S. began to slowly increase over the later half of 2024 after a year of decline. The CCI is an indicator for the confidence of consumers regarding their expected financial situation and their likelihood to spend money in the next 12 months. A CCI value above 100 indicates an increase in consumer confidence and the chance that consumers will spend money on major purchases in the next year. A value below 100 indicates negative economic developments, as consumers are likely to save their money.

  17. Consumer confidence worldwide from Q4 2014 to Q4 2016

    • statista.com
    Updated Aug 9, 2024
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    Statista (2024). Consumer confidence worldwide from Q4 2014 to Q4 2016 [Dataset]. https://www.statista.com/statistics/256725/consumer-confidence-worldwide/
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    Dataset updated
    Aug 9, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Worldwide
    Description

    The statistic shows an index of global consumer confidence from the fourth quarter 2014 to the fourth quarter 2016. A value higher than 100 indicates that the consumers are optimistic about the economic situation; a value lower than 100 indicates pessimism. In the fourth quarter 2014, consumer confidence reached a value of 96 points worldwide.

  18. Monthly consumer confidence indicator (CCI) in Denmark 2020, by indicator

    • statista.com
    Updated May 3, 2022
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    Monthly consumer confidence indicator (CCI) in Denmark 2020, by indicator [Dataset]. https://www.statista.com/statistics/1105627/monthly-onsumer-confidence-indicator-cci-in-denmark-by-indicator/
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    Dataset updated
    May 3, 2022
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2020 - Mar 2020
    Area covered
    Denmark
    Description

    After the COVID-19 outbreak in Denmark in 2020, consumers seemed to be very pessimistic about the economic situation. A positive consumer confidence indicator (CCI) value shows that the consumers are optimistic about the economic situation; a negative value indicates pessimism. As of March 2020, the consumer confidence concerning the general economic situation of the country over the next 12 months amounted to -9.9 points.

    The first case of COVID-19 in Denmark was confirmed on February 27, 2020. For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

  19. m

    Consumer Confidence data

    • data.mendeley.com
    Updated Apr 7, 2020
    + more versions
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    Sandra De Iaco (2020). Consumer Confidence data [Dataset]. http://doi.org/10.17632/pgdb3k9yv8.1
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    Dataset updated
    Apr 7, 2020
    Authors
    Sandra De Iaco
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Description

    The uploaded dataset contains monthly time-series of the index numbers (base 2010) of the Italian current confidence indicator and the Italian future confidence indicator from January 2014 to March 2020. Each time series is composed of 75 values (72 valid data and 3 missing data for the time interval July 2017 – December 2017). The current confidence index measures the judgment of the present economic situation of Italy and families, current opportunity for saving and purchasing durable goods and family financial budget, on the other hand the future confidence index measures the expectation regarding the above-mentioned variables including unemployment. A joint assessment of both indexes can offer a very interesting interpretation referred to the optimistic (current index lower than the future one) or pessimistic (current index greater than the future one) state of the population. The source of these datasets is the official website of Italian Institute of Statistics (http://dati-congiuntura.istat.it/?lang=en&SubSessionId=c419585c-c3e5-4408-9423-14ce999a6dcd).

  20. A

    Argentina Consumer Confidence Score: Job Loss: Negative Response

    • ceicdata.com
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    CEICdata.com, Argentina Consumer Confidence Score: Job Loss: Negative Response [Dataset]. https://www.ceicdata.com/en/argentina/consumer-confidence-survey/consumer-confidence-score-job-loss-negative-response
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    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Feb 1, 2022 - Jan 1, 2023
    Area covered
    Argentina
    Variables measured
    Consumer Survey
    Description

    Argentina Consumer Confidence Score: Job Loss: Negative Response data was reported at 57.995 Score in Jan 2023. This records a decrease from the previous number of 59.690 Score for Dec 2022. Argentina Consumer Confidence Score: Job Loss: Negative Response data is updated monthly, averaging 50.989 Score from Mar 2010 (Median) to Jan 2023, with 155 observations. The data reached an all-time high of 62.948 Score in Jun 2016 and a record low of 39.573 Score in Dec 2020. Argentina Consumer Confidence Score: Job Loss: Negative Response data remains active status in CEIC and is reported by Ipsos Group S.A.. The data is categorized under Global Database’s Argentina – Table AR.IPSOS: Consumer Confidence Survey.

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Statista (2024). Great Recession: consumer confidence level in the U.S. 2007-2010 [Dataset]. https://www.statista.com/statistics/1346284/consumer-confidence-us-great-recession/
Organization logo

Great Recession: consumer confidence level in the U.S. 2007-2010

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Dataset updated
Sep 2, 2024
Dataset authored and provided by
Statistahttp://statista.com/
Time period covered
Jan 2007 - Jan 2010
Area covered
United States
Description

The Great Recession was a period of economic contraction which came in the wake of the Global Financial Crisis of 2007-2008. The recession was triggered by the collapse of the U.S. housing market and subsequent bankruptcies among Wall Street financial institutions, the most significant of which being the bankruptcy of Lehman Brothers in September 2008, the largest bankruptcy in U.S. history. These economic convulsions caused consumer confidence, measured by the Consumer Confidence Index (CCI), to drop sharply in 2007 and the beginning of 2008. How does the Consumer Confidence Index work? The CCI measures household's expectation of their future economic situation and, consequently, their likely future spending and savings decisions. A score of 100 in the index would indicate a neutral economic outlook, with consumers neither being optimistic nor pessimistic about the near future. Scores below 100 are then more pessimistic, while scores above 100 indicate optimism about the economy. Consumer confidence can have a self-fulfilling effect on the economy, as when consumers are pessimistic about the economy, they tend to save and postpone spending, contracting aggregate demand and causing the economy to slow down. Conversely, when consumers are optimistic and willing to spend, this can have a reinforcing effect as wages and employment may rise when consumers spend more. CCI and the Great Recession As the reality of the trouble which the U.S. financial sector was in set in over 2007, consumer confidence dropped sharply from being slightly positive, to being deeply pessimistic by the Summer of 2008. While confidence began to slowly rebound up until September 2008, with the panic caused by Lehman's bankruptcy and the freezing of new credit creation, the CCI plummeted once more, reaching its lowest point during the recession in February 2008. The U.S. government stepped in to prevent the bankruptcy of AIG in 2008, promising to do the same for any future possible failures in the financial system. This 'backstopping' policy, whereby the government assured that the economy would not be allowed to fall further into crisis, along with the Federal Reserve's unconventional monetary policies used to restart the economy, contributed to a rebound in consumer confidence in 2009 and 2010. In spite of this, consumers still remained pessimistic about the economy.

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