October 2023 LSEG/Ipsos Primary Consumer Sentiment Index

Washington DC, October 16, 2023--The LSEG/Ipsos Primary Consumer Sentiment Index for October 2023 is at 52.0. Fielded from September 22 - October 6, 2023, the Index is unchanged since last month.

The index shows stability in back-to-back months; this comes following five consecutive months of alternating gains and losses. The index remains nearly two points above its reading to begin 2023 (50.2) and is 1.2 points above its reading from this time last year (50.8).

All four sub-indices remain relatively unchanged since last month. The Current and Investment indices are significantly higher than they were to begin the year, while the Expectations and Jobs indices are in line with their respective readings to begin the year.

The Current Index reads at 42.1, down 0.3 point for the second consecutive month. The Current Index now sits 3.4 points higher than its reading to begin the year (38.7) and 3 points higher than its October 2022 reading (39.1).

The Expectations Index reads at 59.4, up 0.3 point from last month. The Expectations Index is now half a point higher than its reading from this time last year (59.0).

The Investment Index is at 44.1, down 0.2 point since September. The index is more than three points above its January 2023 reading (41.0) and October 2022 reading (40.6).

The Jobs Index reads at 64.3, up 0.1 point and showing stability after declining the previous two months. While the index is in line with its reading to begin 2023 (64.5), it is more than two points lower than its October 2022 reading (66.7).

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 September 22 and October 6, 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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