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"consumer confidence has" is correct and usable in written English.
You can use it to indicate that consumer confidence is decreasing or increasing. For example, "Consumer confidence has dropped significantly this quarter due to the economic recession."
Exact(60)
Not all retailers could confidently claim to be so resilient, especially if it's true that consumer confidence has turned down.
Consumer confidence has improved.
Consumer confidence has already fallen sharply.
American consumer confidence has started to wobble.
Consumer confidence has gone down," Peters said.
Consumer confidence has fallen to record lows.
Consumer confidence has also been hit.
Consumer confidence has reached a post-recession high.
As a result, business and consumer confidence has soared.
In recent months consumer confidence has dropped a bit.
Business and consumer confidence has collapsed and unemployment is rising.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com