Global Consumer Confidence Index Remains Unchanged at its Highest Level in 2019

Strongest Gains in Optimism Observed in Argentina, Turkey, China, and France; Japan, Spain, India, and Sweden See Significant Drops.

The author(s)

  • Nicolas Boyon Senior Vice President, US, Public Affairs
  • Chris Jackson Vice President, US, Public Affairs
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Visit our interactive portal, Ipsos Consolidated Economic Indicators ( for graphic comparisons and trended data pertaining to the Ipsos Global Consumer Confidence Index and  sub-indices -- and all the questions on which they are based.

Washington, DC, August 23, 2019 — 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).

August 2019 - GCCI


About the Study

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.

Data collected each month are weighted so that each country’s sample composition best reflects the demographic profile of the adult population according to the country’s most recent census data. Data collected each month are also weighted to give each country an equal weight in the total “global” sample.  Online surveys can be taken as representative of the general working age population in Argentina, Australia, Belgium, Canada, France, Germany, Great Britain, Hungary, Italy, Japan, Poland, South Korea, Spain, Sweden, and the United States. Online samples in Brazil, China*, India, Israel, Mexico, Russia, Saudi Arabia, South Africa and Turkey are more urban, more educated and/or more affluent than the general population and the results should be viewed as reflecting the views of a more “connected” population.

Sample surveys and polls may be subject to other sources of error, including, but not limited to coverage error, and measurement error. The precision of the Refinitiv/Ipsos online surveys is measured using a Bayesian Credibility Interval. Here, the poll has a credibility interval of +/- 2.0 points for countries where the 3-month sample is 3,000+ and +/- 2.9 points for countries where the 3-month sample is 1,500+. Please click on this link for more information on credibility intervals.


The author(s)

  • Nicolas Boyon Senior Vice President, US, Public Affairs
  • Chris Jackson Vice President, US, Public Affairs

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