Global consumer confidence remains unchanged at its highest level in 2019

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At 50.2, August 2019’s Ipsos Global Consumer Confidence Index is unchanged since last month, and remains up 0.9 of a point compared to three months ago. The global index gives signs of stability with a score above the 50-point mark for a second consecutive time this year.

Seven of the 24 markets surveyed see significant three-month gains in their National Index – Argentina (+5.7), Tukey (+5.2), mainland China (+3.4), France (+3.2), Saudi Arabia (+2.7), Canada (+2.5), and Poland (+1.9) – while four markets show significant three-month declines – Japan (-2.2), Spain (-2.0), India (-1.7), and Sweden (-1.5). Argentina’s 39.2 index score is its highest in a year.

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 73.7, followed by Saudi Arabia (64.7), India (62.9) and the United States (61.7). At the other end of the spectrum, Turkey stands at the bottom of the National Index with a score of 38.6, followed by Argentina (39.2), and Japan (39.6).

These findings are based on data from Refinitiv/Ipsos’ Primary Consumer Sentiment Index (PCSI) collected in a monthly survey of consumers from 24 countries via Ipsos’ Global Advisor online survey platform. For this survey, Ipsos interviews a total of 17,500+ adults aged 18-74 in the United States, Canada, China*, Israel, South Africa and Turkey, aged 19-74 in South Korea, and aged 16-74 in the other 17 countries, each month. The monthly sample consists of 1,000+ individuals in each of Australia, Brazil, Canada, China*, France, Germany, Italy, Japan, Spain, Great Britain and the United States, and 500+ individuals in each of Argentina, Belgium, Hungary, India, Israel, Mexico, Poland, Russia, Saudi Arabia, South Africa, South Korea, Sweden and Turkey.