October 2019 index shows continued decline in global consumer confidence
Optimism lessens significantly in half of the economies surveyed, including the U.S., mainland China, Germany and India.
At 48.8, October 2019’s Ipsos Global Consumer Confidence Index is down 0.6 points over the past month, 1.4 points over the past three months of the year, and at its lowest level in more than two years.
Amid heightened trade-related tensions, consumer confidence has dropped more markedly in four of the world’s five largest economies over the past three months than it has globally. It is the case in the United States (by 1.9 points), mainland China (by 4.9 points), Germany (by 2.3 points) and India (by 5.4 points). Other markets that have seen a significant decline during that same period include: Spain (by 5.0 points), Italy (by 3.5 points), Mexico (by 2.4 points), Australia (by 1.9 points), South Africa (by 1.8 points), Belgium (by 1.7 points), and Canada (by 1.6 points). Among the 24 countries surveyed, only South Korea (+2.2) sees a significant three-month gain in its National Index.
The Consumer Confidence Index, also called the “National Index,” reflects consumer attitudes on the current and future state of their local economy, their personal finance situations, their savings and their confidence to make large investments. Mainland China continues to enjoy the highest National Index with a score of 69.3, followed by Saudi Arabia (63.6), the United States (60.7), and India (59.3). At the opposite end of the spectrum, Turkey stands at the bottom of the National Index with a score of 36.6, followed by Argentina (38.3) and South Africa (38.3).
Visit our interactive portal, Ipsos Consolidated Economic Indicators for graphic comparisons and trended data pertaining to the Global Consumer Confidence Index and sub-indices - and all the questions on which they are based.
