The economic indicator consumer sentiment to helps the economy sustain its expression. Consumer sentiment is considered to be leading index meaning that it shows what happen in the future.
It helps in economists and policymakers to think regarding that retail demand and saving rates will be , and that can translate to things such as prices and employments.Consumer confidence index is allows organization to make informed business decisions based on consumer attitudes.
The increase in consumer spending in turn helps they economy sustain its expansion. Consumer confidence declines consumers become less certain about their financial prospects and they begin to spend less money , this turn affects business as they begin to experience a decrease in sales.
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