With lower external demand for Euro Area goods and services, the decline in consumer confidence puts pressure on the outlook | The Conference Board
The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. Detailed information on the use of cookies on this site is provided in our cookie policy. For more information on how The Conference Board collects and uses personal data, please visit our privacy policy. By continuing to use this Site or by clicking "OK", you consent to the use of cookies. 

With lower external demand for Euro Area goods and services, the decline in consumer confidence puts pressure on the outlook


August 2018 | Economy Watch Reports

Consumer confidence has been declining during 2018. While it remains very high in historical terms, the question is whether it will continue declining and begin to depress spending. Rising wages might give another boost to domestic demand. Stronger wage growth may pump confidence again, and therefore spending. However, it is also possible that stronger inflation, at 2.1 percent in June, will hit purchasing power and make consumers warier of spending.


AUTHOR

IlariaMaselli.jpg

Ilaria Maselli

Senior Economist
The Conference Board


OTHER RELATED CONTENT

WEBCASTS

Labor Markets Watch

Labor Markets Watch

November 17, 2021

Window On

Window On

December 01, 2021

CONFERENCES & EVENTS

Support Our Work

Support our nonpartisan, nonprofit research and insights which help leaders address societal challenges.

Donate