July 2023 Refinitiv/Ipsos Primary Consumer Sentiment Index

Washington DC, July 17, 2023--The Refinitiv/Ipsos Primary Consumer Sentiment Index for July 2023 is at 54.4. Fielded from June 23 - July 7, 2023, the Index has gained 4.8 points since last month.

After falling to its lowest point of the year in June amid uncertainty over the debt ceiling, the Index has now risen to its highest point since May 2022 (54.7). Additionally, this month's reading is nearly two points above its May 2023 reading (52.5), and nearly five points above its July 2022 reading (49.5).

All four sub-indices show significant gains this month. The Current, Expectations, and Investment indices all sit at their highest point of 2023.

The Current Index reads at 45.5, up 6.9 points from last month and 2.8 points from two months ago. It shows the largest month-over-month increase among the sub-indices. Similar to the Overall Index, the Current Index now sits at its highest point since May 2022. The Current Index is now 7 points above its July 2022 reading.

The Expectations Index reads at 60.6, up 1.8 points since June. It is now at its highest point since January 2022, and it has risen above the 60-point mark for just the second time in the last sixteen months. The Expectations Index is now 4.4 points above its July 2022 reading.

The Investment Index is at 47.3, up 5.9 points since June and 2.8 points since May. Much like the Overall Index and Current Index, it now sits at its highest point since May 2022. The index is now 7 points higher than its July 2022 reading.

The Jobs Index reads at 66.9, up 5.1 points since last month and in line with its reading from two months ago. The index sits at its second highest point this year, and is now 1.4 points above its reading from this time last year.

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 Refinitiv as the Primary Consumer Sentiment Index (PCSI).

This survey was fielded between June 23 and July 7, 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 Refinitiv/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).

ISIN code FR0000073298, Reuters ISOS.PA, Bloomberg IPS:FP www.ipsos.com