Global consumer confidence fully recovered from the corona crisis in the first quarter, helped by vaccination programs and government economic support packages.
This is reported by the American market researcher Conference Board.
The indicator that measures confidence rose to a level of 108 against 98 in the fourth quarter of 2020. This means that the index is again higher than before the corona crisis when a level of 106 was measured.
It is also the highest level since measurements began in 2005, the Conference Board said. A position above 100 is positive.
According to the researchers, confidence increased in 49 of the 65 countries surveyed due to the improving economic recovery and vaccination programs. There are differences per region. In Europe, for example, confidence has increased sharply, but it remains negative.
“Improved consumer confidence is a good sign for spending this year as economies emerge from the 2020 corona crisis and work to stop the spread of the virus,” said Conference Board chief economist Dana Peterson.