- confidence
- confidence con‧fi‧dence [ˈkɒnfdns ǁ ˈkɑːn-] noun [uncountable]1. the feeling that you can trust someone or something to do what they say, work properly etc:
• We have every confidence in the team.
• Our top priority is to maintain customer confidence in our product.
— see also breach of confidence2. ECONOMICS the feeling felt by businesses and investors that the economic situation will not become very bad:• Economic confidence was raised further by trade deregulation and lower interest rates.
• Confidence in the housing market stands at a 15-month high.
• A report by the Confederation of British Industry says Britain is enjoying the biggest increase in business confidence for ten years.
conˌsumer ˈconfidence1. ECONOMICS the feeling that people have about the economic situation in a country, which is shown in how much money they are willing to spend:• Consumer confidence fell for a third month in a row in October amid fears over jobs and the economy.
2. the feeling that people have that they can trust a particular type of product, or a company:• Consumer confidence in food safety in the UK has been badly hit by a series of food scares.
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confidence UK US /ˈkɒnfɪdəns/ noun [U]► a feeling that you can trust someone or something to work well or behave as you expect: »The index fell 3.1% as investors lost confidence in bank shares.
have confidence in sb/sth »""I have the utmost confidence in him, and know he will lead this franchise to continued success and growth,"" West said.
»Leitch warns that the insurance industry must raise standards to win back the confidence of investors.
► a feeling that an economic situation will improve: »Business confidence has plunged and home sales have collapsed.
destroy/restore confidence »Yesterday's announcement is a timely and important step toward restoring global economic confidence.
► the quality of being certain of your own ability to do things well: »Our latest recruit is very intelligent but lacking in confidence.
boost/shatter/shake sb's confidence »One aim of the appraisal meetings is to boost the confidence of your team members.
→ See also BREACH OF CONFIDENCE(Cf. ↑breach of confidence), CONSUMER CONFIDENCE(Cf. ↑consumer confidence), VOTE OF CONFIDENCE(Cf. ↑vote of confidence), VOTE OF NO CONFIDENCE(Cf. ↑vote of no confidence)
Financial and business terms. 2012.