Index of Consumer Confidence: May 2021

The Conference Board of Canada, May 26, 2021
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The monthly Index of consumer confidence is constructed from responses to four attitudinal questions posed to a random sample of Canadian households.

Document Highlights

The Index of Consumer Confidence jumped up 6.5 points in May to 104.9 (2014 = 100), almost offsetting the 6.8 points lost last month. The index now sits at 87 per cent of its pre-pandemic level.

With the rollout of vaccines picking up speed, many Canadians are growing more hopeful for an economic reopening, and are thus feeling more confident about their future job prospects. Over 26 per cent of survey respondents believed there will be more jobs six months from now, the highest level of optimism since 2002.

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