April 2025 LSEG/Ipsos Primary Consumer Sentiment Index

Washington DC, April 14, 2025--The LSEG/Ipsos Primary Consumer Sentiment Index for April 2025 is at 52.8. Fielded from March 21 – March 26, 2025*, the Index is down 1.2 points from last month.

*This month’s fieldwork was completed prior to the major tariff announcement on April 2, 2025, and the rescinding of many of those tariffs announced on April 9, 2025.

The index has declined 2.5 points since February, continuing what has been an uneven start to 2025. It now sits about half a point lower than its reading from this time last year.

Similar to last month, the Current and Investment sub-indices are both down slightly. Both are now less than a point higher than their respective April 2024 readings.

The Expectations sub-index is down nearly three points this month and shows the largest decline among the sub-indices for the second consecutive month. It now sits more than two points below its reading from this time last year.

Lastly, the Jobs sub-index is down nearly two points this month. It is now four points lower than its reading from a year ago.

The Current Index reads at 44.8, down 0.6 point from last month. The index is now just 0.6 point higher than its reading from this time last year (44.1).

The Expectations Index reads at 57.9, down 2.7 points from last month and 6.2 points from February. The index is now 2.5 points lower than its April 2024 reading (60.4).

The Investment Index is at 47.1, down 0.7 point from March. The index is just 0.8 point above its April 2024 reading (46.3).

The Jobs Index reads at 62.5, down 1.7 points from March. The index is now 4 points lower than its reading from a year ago (66.5).

About the Study

These findings are based on data from a monthly 29-country survey conducted by Ipsos on its Global Advisor online survey platform and, in India, on its IndiaBus platform. They are first reported each month by LSEG as the Primary Consumer Sentiment Index (PCSI).

This survey was fielded between March 21 and March 26, 2025. The sample includes 1,000 Americans aged 18-74.

The data is weighted so that the composition of the sample in each country best reflects the demographic profile of the adult population according to the most recent census data.

The LSEG/Ipsos Primary Consumer Sentiment Index (PCSI), ongoing since 2010, is a monthly survey of consumer attitudes on the current and future state of their local economy, personal financial situation, savings, and confidence to make major investments. The PCSI metrics reported each month for each of the countries surveyed consist of a “Primary Index” based on all 10 questions below and of several “sub-indices” each based on a subset of these 10 questions.

About Ipsos

Ipsos is one of the largest market research and polling companies globally, operating in 90 markets and employing over 18,000 people.

Our passionately curious research professionals, analysts and scientists have built unique multi-specialist capabilities that provide true understanding and powerful insights into the actions, opinions and motivations of citizens, consumers, patients, customers or employees. We serve more than 5000 clients across the world with 75 business solutions.

Founded in France in 1975, Ipsos has been listed on the Euronext Paris since July 1st, 1999. The company is part of the SBF 120 and the Mid-60 index and is eligible for the Deferred Settlement Service (SRD).

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