May 2025 LSEG/Ipsos Primary Consumer Sentiment Index

Washington DC, May 16, 2025--The LSEG/Ipsos Primary Consumer Sentiment Index for May 2025 is at 50.0. Fielded from April 25 – May 2, 2025, the Index is down 2.9 points from last month.

The index has declined for the third consecutive month and is down more than five points over that span. It now sits more than four points below its reading from this time last year.

The Current and Investment sub-indices are both down around four points this month. Similarly, both are now at least four points lower than their respective May 2024 readings.

The Expectations sub-index is down more than one point this month and has declined for the third consecutive month. It now sits nearly four points below its reading from this time last year.

Lastly, the Jobs sub-index is down more than two points this month and has also declined for the third straight month. It is nearly seven points lower than its reading from a year ago.

The Current Index reads at 40.7, down 4.1 points from last month. The index is now 4.5 points lower than its reading from this time last year (45.2).

The Expectations Index reads at 56.7, down 1.2 points from last month. The index is now 3.9 points lower than its May 2024 reading (60.6).

The Investment Index is at 43.2, down 3.9 points from April. The index now sits 4 points below its May 2024 reading (47.1).

The Jobs Index reads at 60.3, down 2.2 points from April. The index now sits 6.8 points below than its reading from a year ago (67.1).

About the Study

These findings are based on data from a monthly 30-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 25 and May 2, 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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