American Customer Satisfaction Drops
The American Customer Satisfaction Index (ACSI) dropped again for the second consecutive quarter to 74.9. Why does this matter? "When customer satisfaction declines, consumers have less enthusiasm for repeating experiences that no longer provide the same gratification," says Professor Claes Fornell. AKA, they'll be spending less money.
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Comments:
Is there any correlation between Customer Satisfaction and actual performance of the economy? I guess what I mean is, people may be unhappy with customer service, but that doesn't necessarily stop them from shopping, buying, etc. in the same quantity. I'd assume there is some impact, but you never know.
@nequam: True. But I wonder if our expections have been slowly declining so that we're now estatic for something that used to piss us off. I assume they can't correct for something so subjective.
Example: I would freak out (in a good way) if I called a customer service number and a live person with good english skills answered the phone in a few rings. 10 years ago, we EXPECTED that. Anything less would be disappointing.
ARP: If they're trying to measure customer satisfaction, shouldn't it be given customers' current expectations? If we want to see what customer satisfaction would be given our expectations from, say, 20 years ago, that would be a different question. And that would certainly be less closely related to our current spending habits.
PS If you want to find out more about the methodology, a poke around their website is helpful :) ([www.theacsi.org])









Still looks like a pretty nice upward trend. I mean, it hasn't been higher than 74.9 in 13 years. Look at 1997.