consumer confidence
nounUK /kənˈsjuːmə ˈkɒnfɪdəns/
US /kənˈsuːmər ˈkɑːnfɪdəns/
How good people feel about spending money and buying things.
When shops are busy, it shows that consumer confidence is high.
OTHER MEANINGS
2. A measure of how hopeful people are about the economy and their own money.
The report said consumer confidence rose last month.
3. The trust people have that buying things is safe and worthwhile.
Low consumer confidence can make stores sell less.
4. A number that shows whether people plan to spend or save.
Economists watch consumer confidence before holidays.