While consumer optimism is up in the U.S. and some key markets in Western Europe in the third quarter of 2013, the confidence level in Canada continues to remain stuck in neutral.
The Nielsen Global Consumer Confidence Index measures views about job prospects, personal finances and the ability and willingness to spend. These economic indicators are captured in a consumer confidence level. Canada’s confidence level stands at 97, a drop of one index point from the last Nielsen survey. Notably, that is now below the confidence level in the U.S., which is 98 – their highest level in six year, and near pre-recession.