July 2024 LSEG/Ipsos Primary Consumer Sentiment Index

Washington DC, July 12, 2024--The LSEG/Ipsos Primary Consumer Sentiment Index for July 2024 is at 56.0. Fielded from June 21 - July 5, 2024, the Index is up 2.2 points from last month.

The index now sits at its highest point of 2024. It is more than a point higher than its reading from this time last year, and it is 3 points higher than its reading to begin 2024.

The Current and Investment sub-indices are both up more than three points this month and now sit about three points higher than their respective July 2023 readings. The Expectations Index is up nearly a point from June and is now nearly a point higher than its reading from this time last year.

In contrast, the Jobs Index is down half a point, and is the only sub-index to show a significant loss for the second consecutive month. It is now nearly two points below its reading from July 2023.

The Current Index reads at 48.3, up 3.3 points this month and sitting at its highest point since December 2021. It now sits 2.8 points higher than its reading from this time last year (45.5).

The Expectations Index reads at 61.4, up 0.9 point since June. The index now sits 0.8 point higher than its July 2023 reading (60.6).

The Investment Index is at 50.4, up 3.6 points and showing the largest increase among the sub-indices. The index, which now sits at its highest point since December 2021, is 3.2 points above its July 2023 reading (47.3).

The Jobs Index reads at 64.9, down 0.5 points from June. After declining for the second month in a row, the index is now nearly 2 points lower than its July 2023 reading (66.9).

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 June 21 and July 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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