Economic sentiment

Economic sentiment refers to the overall attitude or feelings people have about the state of the economy. It encompasses their views on factors like job availability, inflation, and future financial prospects. Positive sentiment often leads to increased consumer spending and investment, while negative sentiment can result in caution, reduced spending, and slower economic growth. Surveys and indices, like the Consumer Confidence Index, are commonly used to gauge economic sentiment, helping governments and businesses understand public mood and make informed decisions. In essence, it reflects how optimistic or pessimistic people are about their economic future.