October 2024 LSEG/Ipsos Primary Consumer Sentiment Index

Washington DC, October 14, 2024--The LSEG/Ipsos Primary Consumer Sentiment Index for October 2024 is at 55.6. Fielded from September 20 – October 4, 2024, the Index is up 0.6 point from last month.

The index has increased slightly after showing stability last month. It is now more than three points higher than its reading from this time last year, and nearly three points above its reading to begin 2024.

The Current and Investment sub-indices are both virtually unchanged this month. Both indices now sit more than two points above their respective October 2023 readings.

The Expectations sub-index is down slightly this month. However, it remains more than four points higher than its October 2023 reading.

In contrast, the Jobs sub-index is up nearly three points and is the only sub-index to show a significant gain. It now sits around five points higher than its reading from a year ago.

The Current Index reads at 44.4, up an insignificant 0.2 point from last month. The index sits 2.3 points higher than its reading from this time last year (42.1).

The Expectations Index reads at 63.8, down 0.6 point after reaching its highest point in more than three years last month. Despite this month’s decline, the index is 4.3 points higher than its October 2023 reading (59.4).

The Investment Index is at 46.8, essentially unchanged (-0.1 point) since last month. The index is 2.6 points above its October 2023 reading (44.1).

The Jobs Index reads at 69.1, up 2.8 points since September and sitting at its highest point since June 2022. The index now sits 4.8 points above its October 2023 reading (64.3).

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 20 and October 4, 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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