Monday, 29 November, 2021
Consumer Confidence Collapse? Couple of interesting charts
(MIRABAUD SECURITIES)
Within the Michigan University consumer confidence data last week was this chart: “Good time to buy a vehicle?”. The Bloomberg ticker is CONSVEHR Index, but Uni Of Michigan’s own website overlays longer term data with various recession periods:
A similar chart is available for white goods:
Several reasons as to why this maybe so: Too little supply (lack of chips etc), you can’t buy what isn’t available? Brought forward demand already filled, inflation fears and swollen savings already put to work? Weaker economic outlook?
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