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....