Global Consumer Confidence Index hints at a global economic slowdown
Significant drops are seen in India, Spain, Germany, the U.S., Sweden, Italy and Mexico; meanwhile, optimism gains in Argentina, Saudi Arabia, France, Turkey and China.
Visit our interactive portal, Ipsos Consolidated Economic Indicators (IpsosGlobalIndicators.com) 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.
At 49.5, September 2019’s Global Consumer Confidence Index is down 0.7 points over the past month, 0.2 points over the past three months, and 1.1 points compared to September 2018. Compared to the past 36 months’ average across all 24 countries surveyed, this September’s Global Consumer Confidence Index is down 0.6 points.
Six of the 24 countries show significant three-month declines in their National Index: India (-3.7), Spain (-3.3), Germany (-2.2), the United States (-2.1), Sweden (-1.7), Italy (-1.7), and Mexico (-1.5). At the same time, five markets show significant three-month gains: Argentina (+4.8), Saudi Arabia (+3.0), France (+2.9), Turkey (+1.7), and mainland China (1.6).
Compared to the past three years’ average, the current level of consumer confidence as reflected by this September’s National Index, is notably higher in Brazil (+5.8), Saudi Arabia (+5.7), France (+2.1) and Belgium (+1.5). However, it is notably lower in Argentina (-4.4), Japan (-3.6), South Korea (-3.3), Sweden (-2.5), Germany (-2.4), South Africa (-2.4), India (-2.3), and the U.S. (-1.5).
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.