June 2025: Global consumer confidence rises for first time in five months

Ipsos’ Global Consumer Confidence Index has increased this month (+0.8 point) and sits at 48.2. The index is up for the first time since January and is now in line with its reading from this time last year. 

Among 30 economies measured, eleven countries show significant gains in consumer sentiment, while just four countries show a notable decline. All four sub-indices show significant increases this month. 

Based only on the “legacy 20 countries” tracked since March 2010, the Index would read at 46.6, up nearly a point from May. 
 

Sentiment is largely up in the Asia-Pacific. Singapore (+3.1 points), India (+2.9 points), Japan (+2.5 points), Australia (+2.3 points), and Indonesia (+2.0 points) all show significant increases this month, while Malaysia (-3.9 points) is the only surveyed country to show a significant decline. 

Consumer confidence is also up in Europe. The Netherlands (+4.3 points) and Poland (+3.6 points) show the largest increases among all countries this month, and Great Britain (+2.8 points) is also up significantly. Ireland (-2.2 points) is the only surveyed country to decline significantly.  

The Global Consumer Confidence Index is the average of all surveyed countries’ Overall or “National” indices. This month’s installment is based on a monthly survey of more than 21,000 adults under the age of 75 from 30 countries conducted on Ipsos’ Global Advisor online platform. This survey was fielded between May 23 and June 6, 2025.

Consumer sentiment in 30 countries 

Among the 30 countries, Indonesia (61.1) holds the highest National Index score. It is the only country this month that has a National Index score of 60 or higher.

Twelve other countries now show a National Index at or above the 50-point mark: India (59.0), Malaysia (55.7), Singapore (55.1), Mexico (54.2), Sweden (54.1), U.S. (53.4), Netherlands (52.5), Brazil (52.1), Great Britain (52.1), Poland (50.8), Australia (50.4), and Spain (50.0).

In contrast, just three countries show a National Index below the 40-point mark: Japan (37.1), Türkiye (35.3), and Hungary (33.5). 

Compared to 12 months ago, ten countries show a significant drop in consumer sentiment. In contrast, six countries show a significant increase from May 2024, most of all in Peru (+8.7 points).

Trends

Ipsos’ Global Consumer Confidence Index (based on all 30 countries surveyed) currently reads at 48.2. Based only on the “legacy 20 countries” tracked since March 2010, it would read at 46.6.

The Current sub-index, reflecting consumers’ perceptions of the economic climate and their current purchasing, jobs, and investment confidence, is up 1.1 points this month and now sits at 38.7. In total, thirteen countries show a significant month-over-month gain (at least 2 points) in their Current sub-index, while just three countries show a significant loss.  

The Investment sub-index, indicative of consumers’ perception of the investment climate, is also up 1.1 points this month and is now at 41.0. Twelve countries show a significant gain in their Investment sub-index this month, compared to only three countries that show a significant loss. 

The Expectations sub-index, indicative of consumer expectations about future economic conditions, has increased 0.8 point and now sits at 56.6. Ten countries show significant gains in their Expectations sub-index, while Malaysia and South Africa are the only countries to show a significant loss.

The Jobs sub-index, reflecting perceptions about jobs security and the jobs market, has increased 0.6 point this month and is now at 57.7. Six countries show significant gains in their Jobs sub-index, while three countries show significant losses.

Of note, Malaysia is the only country to show significant losses (of at least 2 points) across all four sub-indices. In contrast, Brazil is the only country to show significant month-over-month gains across all four sub-indices.