Index of Consumer Confidence

Waning Consumer Confidence Persists

Updated: June 29, 2022

Concerns over households’ future finances rose this month. This increase in trepidation is likely due to higher inflation expectations over the next year and elevated fuel prices. The escalation suggests that consumers are worried that their purchasing power could erode further in the coming months. Many households continue to feel inflation’s squeeze, with optimism over current finances.

8.8 points to 79.4
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About the ICC

The Index of Consumer Confidence is based on the Conference Board’s survey of Canadian households. It tracks consumers’ levels of optimism regarding current economic conditions, personal financial positions, short-term employment outlook, and making major purchases—as well as their expectations for the coming six months.

This index is a crucial indicator of near-term sales for companies in the consumer products sector.

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