Impacts of Business Confidence and Consumer Confidence on VN-Index

2014 ◽  
Vol 222 ◽  
pp. 76-88
Author(s):  
THAN THI THU THUY ◽  
PHAM THI BICH THAO
2020 ◽  
Vol 20 (4) ◽  
pp. 471-484
Author(s):  
Silvo Dajčman

AbstractThe purpose of this paper is to study whether innovations in monetary and fiscal policy are a leading indicator of future business and consumer confidence and reverse applying the panel Granger causality analysis to two periods in the history of the euro area: before and after the start of the Great Recession. The results show that Granger causality interaction between the confidence of economic agents and the stance of monetary policy (measured by the shadow rate) is stronger than between the former and the fiscal policy instruments. The European Central Bank (ECB) shadow rate innovations Granger caused business and consumer confidence in both periods, but also indicators of confidence Granger caused the shadow rate. No such feedback could be established between two fiscal policy instruments (government expenditure and revenue growth) and the indicators of confidence. Government spending and revenues Granger caused business confidence in the first subperiod, but not in the second subperiod when the causality reversed. The government revenues Granger caused consumer confidence in the first subperiod, while government expenditures in the second subperiod. Consumer confidence Granger caused government spending in the first subperiod.


2014 ◽  
Vol 222 ◽  
pp. 76-88
Author(s):  
Thủy Thân Thị Thu ◽  
Thảo Phạm Thị Bích

Fluctuations in stock price index are always the focus of investors’ and listed companies’ interest, so the exploration of factors affecting this index is crucial. This paper examines the impacts of business confidence and consumer confidence on VN-Index. The results confirm positive impacts of business confidence and consumer confidence on the index, but they are not remarkably high. Thence, the study proposes solutions to the improvement in business confidence and consumer confidence to help the Vietnam’s stock market grow in a stable and sustainable manner.


Significance The NBP’s March Inflation Report lowers its forecast for average CPI significantly to 1.7%, from 3.2% in its November forecast; GDP is to grow by 4.0% (November: 3.6%). Outside Poland, a CPI spike will further dampen consumer confidence in Central Europe (CE). Impacts GDP performance in 2019 will be patchier in some countries, but CE will remain one of the EU’s fastest-growing regions. While CE’s growth model will remain tilted towards the demand side, the construction boom will support expansion, especially in Hungary. CE-EU tensions, as Article 7 proceedings continue against Poland and Hungary, could dampen business confidence. Fiscally expansive policies in Poland and Hungary will lead to fiscal deterioration, but deficits will stay under the EU’s 3% of GDP limit.


2021 ◽  
Vol 14 (4) ◽  
pp. 159
Author(s):  
Deimante Teresiene ◽  
Greta Keliuotyte-Staniuleniene ◽  
Yiyi Liao ◽  
Rasa Kanapickiene ◽  
Ruihui Pu ◽  
...  

The COVID-19 pandemic and induced economic and social constraints have significantly impacted the confidence of both consumers and businesses. Despite that, comprehensive studies of the impact of the COVID-19 pandemic on the consumer and business sentiment are still lacking. Thus, in our research we aim to identify consumer and business confidence indicators’ reaction to the spread of the COVID-19 pandemic in the Eurozone, the United States, and China. For this purpose, we used the method of correlation–regression analysis. We chose the consumer-confidence index, manufacturing purchasing manager’s index, and services purchasing manager’s index as dependent variables; and the number of confirmed cases of COVID-19, the number of deaths caused by COVID-19, and the mortality rate of COVID-19 infections as independent variables. The results showed a relatively rapid and robust effect of COVID-19 in the short period, but longer-term results depended on the region and were not so unambiguous: in the case of the Eurozone, the spread of COVID-19 pandemic did not affect the consumer-confidence index (CCI) or, in the cases of the United States and China, affected this index negatively; the purchasing managers’ index (PMI) in the services sector was significantly negatively affected by the mortality risk of COVID-19 infection; and the impact on the purchasing managers’ index (PMI) in the manufacturing industry appeared to be mixed.


Significance However, it remains uncertain how evolving measures to curb the spread of COVID-19 will affect their operations, how long it will take for consumer confidence to recover, and perhaps most importantly, whether the average of two months' cash reserves airlines had going into this crisis will see them through it. Impacts Aviation suppliers including airports and aircraft manufacturers are forecast to suffer heavy losses. The world recession will hit consumer and business confidence, and disposable incomes, slowing the passenger and cargo traffic recovery. The UNWTO sees world tourism sales falling by 73% this year, hitting the many nations that rely on tourism as a key engine of GDP growth.


2019 ◽  
Vol 3 (2) ◽  
pp. 100-112
Author(s):  
Septian Wahyudi

The company certainly wants to increase its sales and increase the number of its customers so that all efforts and methods are carried out, including in building consumer confidence, thus making these consumers become loyal customers or commonly referred to as customers. But on the one hand the trust built by the company actually has a negative impact, namely the emergence of distrust because the frequency of the company offers a variety of products that are sometimes not needed by consumers, this paper is made to answer these phenomena and problems in a concise manner.This research method is by analyzing criticism of several studies about trust that affect consumer loyalty which results in the absence of influence between trust in consumer loyalty.


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