August 2024 LSEG/Ipsos Primary Consumer Sentiment Index

Washington DC, August 16, 2024--The LSEG/Ipsos Primary Consumer Sentiment Index for August 2024 is at 55.3. Fielded from July 26 – August 9, 2024, the Index is down 0.7 point from last month.

The index declines slightly after reaching its highest point of 2024 last month. However, it is still three points higher than its reading from this time last year and remains more than two points above its reading to begin 2024.

The Current and Investment sub-indices are both down around three points this month. Despite these declines, the Current index is more than two points above its reading from this time last year, and the Investment Index is more than three points higher than this same reading.

In contrast, the Expectations and Jobs sub-indices both show significant upticks. The Expectations Index is now up more than four points from its August 2023 reading, and the Jobs Index is up one point since this time last year.

The Current Index reads at 45.2, down 3.2 points this month and showing the largest decline among the sub-indices. Despite this month’s drop, it now sits 2.5 points higher than its reading from this time last year (42.7).

The Expectations Index reads at 63.5, up 2.2 points from last month, and reaching its highest point since September 2021. The index now sits 4.2 points higher than its August 2023 reading (59.3).

The Investment Index is at 47.5, down 3 points since last month. Even with this month’s decline, the index remains 3.5 points above its August 2023 reading (44.0).

The Jobs Index reads at 66.2, up 1.3 points from July and showing its first significant increase since May. The index is now one point above its August 2023 reading (65.2).

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 July 26 and August 9, 2024. 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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