May 2024 LSEG/Ipsos Primary Consumer Sentiment Index

Washington DC, May 16, 2024--The LSEG/Ipsos Primary Consumer Sentiment Index for May 2024 is at 54.3. Fielded from April 19 - May 3, 2024, the Index is up 0.9 point.

The index increases slightly following relative stability last month. It now sits nearly two points above its reading from this time last year (52.5).

For the third consecutive month, the Current and Investment sub-indices both gained around one point. Both sub-indices are now around three points higher than their respective May 2023 readings.

The Jobs Index gained nearly one point since April. The index is now similar to its reading from May 2023 (66.8).

In contrast, the Expectations Index is nearly unchanged for the second consecutive month. However, it sits about two points above its May 2023 reading.

The Current Index reads at 45.2, up 1.1 point this month and showing the largest increase among the sub-indices. It now sits 2.5 points higher than its reading from this time last year (42.7).

The Expectations Index reads at 60.6, nearly unchanged (+0.2 point) since April. The index now sits 2.1 points higher than its May 2023 reading (58.6).

The Investment Index is at 47.1, up 0.9 point from last month. The index is now 2.7 points above its May 2023 reading (44.4).

The Jobs Index reads at 67.1, up 0.6 points from April. The index is now similar to its reading from this time last year (66.8). (65.4).

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 April 19 and May 3, 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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