December 2023 LSEG/Ipsos Primary Consumer Sentiment Index

Washington DC, December 19, 2023--The LSEG/Ipsos Primary Consumer Sentiment Index for December 2023 is at 51.1. Fielded from November 24 - December 8, 2023, the Index is down 1.1 points.

This month’s decline is the index’s first significant month-over-month change since August. While it is now less than a point above its reading to begin 2023 (50.2), the index does sit 1.3 points above its reading from this time last year (49.8).

The Current, Investment, and Jobs sub-indices all show significant declines this month. Despite this month’s decline, the Current and Investment sub-indices both sit significantly above their readings to begin the year. In contrast, the Jobs Index is now one point below its January reading.

The Expectations index shows little change this month and remains in line with its reading to begin the year.

The Current Index reads at 40.3, down 1.6 points this month. The index is down more than five points since reaching its high point of the year in July. Despite this drop, the Current Index sits 1.6 points higher than its reading to begin the year (38.7) and 2.2 points higher than its December 2022 reading (38.1).

The Expectations Index reads at 59.4, up 0.1 point from last month and showing stability for the fourth consecutive month. The index is now 1.6 points above its reading from this time last year (57.8).

The Investment Index is at 42.6, down 1.4 points since November. The index is now more than one point above its January 2023 reading (41.0) and nearly three points above its December 2022 reading (39.8).

The Jobs Index reads at 63.5, down 1.8 points and showing the largest decline of the sub-indices. The index sits one point below its readings from January 2023 (64.5) and December 2022 (64.5).

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 November 24 and December 8, 2023. 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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