September 2023 LSEG/Ipsos Primary Consumer Sentiment Index

Washington DC, September 15, 2023--The LSEG/Ipsos Primary Consumer Sentiment Index for September 2023 is at 52.0. Fielded from August 25 - September 8, 2023, the Index shows little change (-0.2 point) since last month.

The index shows stability this month after five consecutive months of alternating gains and losses. The index sits nearly two points above its reading to begin 2023 (50.2) and 1.1 points above its reading from this time last year (50.9).

The Current, Expectations, and Investment indices all remain relatively unchanged this month, while the Jobs index is the only one to show a significant loss.

The Current Index reads at 42.4, down 0.3 point from last month. Similar to the National Index, the stability shown this month ends five consecutive months of volatility. The Current Index now sits 3.6 points higher than its reading to begin the year (38.7) and 2.4 points higher than its September 2022 reading (39.9).

The Expectations Index reads at 59.1, down 0.2 point from August. The index is down 1.4 points since July, when it reached its highest point in more than a year. The Expectations Index remains in line with its reading from this time last year (59.2).

The Investment Index is at 44.3, up 0.3 point since last month. The index is now 3.3 points above its January 2023 reading (41.0) and 2.7 points above its September 2022 reading (41.6).

The Jobs Index reads at 64.2, down 1 point since last month and 2.6 points since July. Despite these losses, the index is in line with its readings from both September 2022 (64.3) and January 2023 (64.5).

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 August 25 and September 8, 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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