The Conference Board® Global Consumer Confidence: Europe Chart Book Q2 2020

The Conference Board, Inc., 18 pages, September 10, 2020
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Consumer spending will be the main driver of the recovery from the COVID-19 shock in the coming quarters. Understanding consumer confidence and spending intentions becomes therefore vital in this stage of the economic shock that results from the pandemic.

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What factors will influence the recovery in confidence in the next quarters? There is little correlation between consumer confidence and the strictness of lockdowns. Rather, in markets where authorities have earned their citizens’ trust, consumer confidence is likely to be more resilient in times of crisis, both waning less and rebounding faster postcrisis.

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