Consumer sentiment after the global financial crisis

The present study seeks to analyse the predictive capacity of the Index of Consumer Sentiment (ICS) (a leading index in international market research) in Italy, before and after the global financial crisis.

Consumer sentiment after the global financial crisis

Edoardo Lozza, Andrea Bonanomi, Cinzia Castiglioni and Claudio A. Bosio

Faculty of Psychology, Università Cattolica del Sacro Cuore, Milan

Introduction

Within the context of market research, consumer confidence indicators provide important information regarding the perceived current and future state of the economy. Katona’s Index of Consumer Sentiment (ICS) and the Consumer Confidence Index (ICC) are leading indicators in many forecasts concerning consumer spending, both in Europe and in the US (e.g. Eppright et al. 1998; Ludvigson 2004; Slacalek 2004; Kwan & Cotsomitis 2006; Gelper et al....

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