- Consumer confidence increased 0.5pts to 52.7 in the week to Jul 21 for the largest weekly increase since May 5.
- It pushes it back closer to recent highs of 53.1 from early June, but remains off the 55-60 region seen pre-pandemic.
- Weekly improvements were broad-based, seen in backward-looking personal finances, current job security and forward-looking views on the economy, whilst forward-looking real estate optimism was little changed.
- It’s only a small survey with a four-week rolling average of a combined 1000 responses but the relative resilience comes after the BoC hiked a further 25bp to 5% back on Jul 12.
CANADA DATA: Nanos Consumer Confidence Resilient After Latest BoC Hike
Last updated at:Jul-24 12:20By: Chris Harrison
Canada
- Consumer confidence increased 0.5pts to 52.7 in the week to Jul 21 for the largest weekly increase since May 5.
- It pushes it back closer to recent highs of 53.1 from early June, but remains off the 55-60 region seen pre-pandemic.
- Weekly improvements were broad-based, seen in backward-looking personal finances, current job security and forward-looking views on the economy, whilst forward-looking real estate optimism was little changed.
- It’s only a small survey with a four-week rolling average of a combined 1000 responses but the relative resilience comes after the BoC hiked a further 25bp to 5% back on Jul 12.
