Index Shows Pre-Pandemic Levels, Still Higher Than EU Referendum Era
- Consumer confidence hits the lowest level in 2021
- Confidence still higher than during the EU referendum period (2016-19)
- PwC’s latest consumer confidence index shows pre-pandemic levels
According to PwC’s latest consumer confidence index, consumer confidence has returned to pre-pandemic levels but hit its lowest point in 2021 after experiencing ‘record’ highs earlier this year. Despite the dip, it remains higher than any point during the EU referendum period between 2016 and 2019.
Factuality Level: 7
Factuality Justification: The article provides a clear statement about the current state of consumer confidence and refers to a specific source (PwC’s consumer confidence index) for its information. However, it could benefit from more context or explanation regarding what these record highs earlier in the year were and how this latest data compares to previous years.
Noise Level: 3
Noise Justification: The article provides a brief update on consumer confidence levels without offering much analysis or context. It could benefit from more information about the factors contributing to these changes and comparisons with other economic indicators.
Financial Relevance: Yes
Financial Markets Impacted: The consumer confidence index can impact stock markets and consumer spending decisions.
Financial Rating Justification: Consumer confidence is related to financial topics as it reflects people’s attitudes towards spending and the economy. Changes in consumer confidence can affect market trends, such as stock prices and overall economic growth.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the last 48 hours.
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