The vigorous levels of consumer confidence that is bolstering sales in much of the world may have reached their crest, according to the The Conference Board.
“In more than half the countries surveyed, consumers expressing concerns about the current state of the economy outnumbered those who were not concerned,” Bart van Ark, The Conference Board’s global chief economist, said in a statement. “And, the majority of global consumers do not expect conditions to become more favorable over the next twelve months. Despite consumers’ caution with regard to spending, a pullback does not appear imminent. However, the current results seem to indicate that global consumer confidence may be peaking, suggesting that global economic growth may gradually slow in the coming quarters.”
