January 2024 LSEG/Ipsos Primary Consumer Sentiment Index

Washington DC, January 12, 2024--The LSEG/Ipsos Primary Consumer Sentiment Index for January 2024 is at 52.9. Fielded from December 22, 2023 - January 5, 2024, the Index is up 1.8 points.

The index bounced back from last month’s decline and has now shown a significant month-over-month change in back-to-back months following three months of stability. The index now sits nearly three points above its reading to begin 2023 (50.2).

The Current, Investment, and Jobs sub-indices all significantly increased this month after declining in December. The Current and Investment indices sit nearly four points above their readings from this time last year, while the Jobs sub-index sits more than two points above its January 2023 reading.

In contrast, the Expectations index is without a significant change for the fifth consecutive month and remains in line with its reading from this time last year.

The Current Index reads at 42.6, up 2.3 points this month and returning to levels seen through much of fall 2023. It now sits 3.9 points higher than its reading to begin 2023 (38.7).

The Expectations Index reads at 59.4, unchanged from last month and showing stability for the fifth consecutive month. The index is now in line with its reading from this time last year (59.2).

The Investment Index is at 44.4, up 1.8 points from last month. The index is now 3.5 points above its January 2023 reading (41.0).

The Jobs Index reads at 66.7, up 3.2 points and showing the largest increase among the sub-indices. The index now sits slightly more than two points above its reading from this time last year (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 December 22, 2023 and January 5, 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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