Free Trial

Consumer Confidence At Lows Outside Of Initial Lockdown, Late 2008

CANADA
  • Continued acceleration in the deterioration in Nanos consumer confidence last week, down from 45.8 to 44.4, through the July low after three solid weekly declines.
  • It has only been lower in Apr-Jun 2020 or 2008/early 2009 (started 2008).
  • The 30pt gap between 44% seeing their personal finances worsen over the past year vs 14% improving is the second-largest on record.

Bloomberg Nanos Confidence (white) and GoC 2s5s spread (yellow)Source: Bloomberg

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.