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Global Consumer Confidence Hits Record High


Global Consumer Confidence Hits Record High
amid Accelerating Vaccinations and Sustained Fiscal Stimulus
NEW YORK, April 14, 2021 /PRNewswire/ Global consumer confidence soared to record heights in the first quarter of 2021, according to
The Conference Board
Global Consumer Confidence Survey
, as vaccination campaigns broadened, travel restrictions loosened, and governments and central banks continued to provide economic stimulus.
The survey found that overall global consumer confidence shot up from 98 in the fourth quarter of 2020 to 108 in the first quarter of 2021. That figure exceeded the reading of 106 registered in pre-pandemic 2020 Q1 (a figure above 100 is considered positive) and is the highest recorded since the survey began in 2005. Confidence rose in 49 of 65 markets surveyed, as economic activity resumed, COVID-19 cases peaked in many economies, and vaccine development and distribution expanded. The vaccines contributed to that revival, so ....

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