January 2025 LSEG/Ipsos Primary Consumer Sentiment Index

Washington DC, January 13, 2025--The LSEG/Ipsos Primary Consumer Sentiment Index for January 2025 is at 54.4. Fielded from December 20, 2024 – January 3, 2025*, the Index is down 3.2 points from last month.

*The majority of this month’s fieldwork was completed prior to Congress passing a spending bill that avoided a government shutdown

The index is down significantly after reaching its highest point since October 2021 last month. However, it is still more than a point higher than its reading from this time last year.

The Current and Investment sub-indices are down around three points this month. Despite this month’s decline, both sub-indices still sit nearly three points higher than their respective January 2024 readings.

The Expectations sub-index is down more than a point for the second consecutive month. It is around four points higher than its reading from this time last year.

Lastly, the Jobs sub-index is down more than four points and shows the largest decline among the sub-indices. It now sits two points below its reading from a year ago.

The Current Index reads at 45.2, down 2.8 points from last month. The index remains 2.6 points higher than its reading from this time last year (42.6).

The Expectations Index reads at 63.3, down 1.3 points from last month and down nearly three points since November. Despite this decline, the index is still 3.8 points higher than its January 2024 reading (59.4).

The Investment Index is at 47.1, down 3.3 points since December. The index is 2.7 points above its January 2024 reading (44.4).

The Jobs Index reads at 64.7, down 4.2 points from last month. The index is two points lower than its reading from a year ago (66.7).

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 20, 2024 and January 3, 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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