Consumer confidence is low for now, but there's growing optimism about the next few months - Business Insider

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The Conference Board and the University of Michigan both reported numbers that suggest consumer confidence will begin to rebound

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.But as vaccines roll out and a new stimulus bill approaches approval, consumers are becoming more optimistic about the coming months.

Insider Intelligence analyzes this industry and several others to provide in-depth analyst reports, proprietary forecasts, customizable charts, and more.Consumer confidence is still well below pre-pandemic levels, according to consumer sentiment indexes from The Conference Board and the University of Michigan. However, both reported optimistic numbers that suggest it will begin to rebound in the coming months.

A photo illustration show a syringe. Argentina was selected to test a vaccine against COVID-19, it is estimated that the clinical phases will begin in August.The two indexes had slightly different assessments of consumer sentiment in December, but both came to similar conclusions:

 

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