Best Research Ideas
European Consumer Survey: Under Pressure 3.0
The third iteration of Jefferies’ proprietary survey covers 2,000 consumers across four European countries and assesses the impact of inflation and rates on consumer behavior. The most notable insight is that low consumer confidence, driving household spending cuts, hasn't led to expectations of weakening business conditions. This is mirrored in official data and implies downside to industrial confidence, which has historically been a reasonable lead indicator for markets.
— Jefferies European Research