US citizens are not bothered about an impending US recession; consumer sentiment rises, shoppers go on a buying spree
Are Americans really worried about recession?
Even though an impending recession sounds scary to the stock market as well as for the employment sector, Americans do not appear to be much bothered with the same, when it comes to shopping. The survey has shown that consumer sentiment is increasing amid these fears around an impending US recession, something that could give some oxygen to the markets, hinting that the recession is not scaring away everyone.
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Are shoppers indifferent about the recession?
It appears that the shopping prices are more favorable for consumers at this point and the buying conditions for durables has also seen a massive improvement. This has led to a shopping spree among Americans, who are flocking to their favorite shopping sites, stores and more, and buying their products of choice.
Consumer sentiment rises by 40%
The study has also revealed that the consumer sentiment, which was at its lowest in June 2022, is currently peaking at a nearly 40% increase, something that is a good sign for the US economy, proving that the current situation is significantly better than the pandemic period. Moreover, the gauge showing the economic conditions, has also depicted that things are much better than it was a year ago.
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