November 2023 LSEG/Ipsos Primary Consumer Sentiment Index

Washington DC, November 9, 2023--The LSEG/Ipsos Primary Consumer Sentiment Index for November 2023 is at 52.2. Fielded from October 20 - November 3, 2023, the Index shows stability for the third consecutive month.

The index has shown little movement recently, as it has not had a significant month-over-month change since August. It is now about two points above its reading to begin 2023 (50.2) and remains 1.2 points above its reading from this time last year (50.9).

The Jobs Index is the only sub-index to show a significant increase this month and is now nearly a point higher than it was to begin 2023. The Current and Investment indices continue to sit significantly higher than they were to begin the year, and the Expectations index is in line with its reading to begin the year.

The Current Index reads at 41.9, down 0.2 point this month. It has declined by more than three points since reaching its high point of the year in July. Despite this drop from mid-2023, the Current Index sits 3.2 points higher than its reading to begin the year (38.7) and 3.4 points higher than its November 2022 reading (38.5).

The Expectations Index reads at 59.4, down 0.1 point from last month. Similar to the Overall index, the Expectations Index remains stable for the third consecutive month. The index is now on par with its reading from this time last year (59.3).

The Investment Index is at 44.0, down 0.1 point since October and showing stability for the third consecutive month. The index is three points above its January 2023 reading (41.0) and more than three points above its November 2022 reading (40.3).

The Jobs Index reads at 65.3, up 1 point and showing its first month-over-month increase since July. While the index sits nearly a point above its reading to begin 2023 (64.5), it continues to sit more than two points lower than its reading from this time last year (67.7).

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 October 20 and November 3, 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 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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