consumer confidence
noun [ U ]
ukus(also consumer sentiment) ECONOMICS
the degree to which people feel confident about how well the economy is doing, which influences how much money they are willing to spend:
falling/rising consumer confidence The auto industry, hit by falling consumer confidence, is having its slowest year for more than a decade.
Government survey data shows consumer confidence is at its highest level in two years.
The improvement in consumer sentiment surprised many analysts, given the increases in unemployment.
the degree to which people feel confident about a particular product or service and trust it:
consumer confidence in sth Consumer confidence in the banks is at an all-time low.
shake/restore consumer confidence Recent safety scares have shaken consumer confidence in the meat industry.