September 2025 LSEG/Ipsos Primary Consumer Sentiment Index

Washington DC, September 12, 2025--The LSEG/Ipsos Primary Consumer Sentiment Index for September 2025 is at 52.4. Fielded from August 22 – September 2, 2025, the Index is down 1.1 points from last month.

The index has declined following stability the past two months. It now sits nearly three points lower than its reading from this time last year.

The Current sub-index is down slightly this month, though it does sit half a point higher than its reading from this time last year. In contrast, the Investment sub-index is the only one to show stability this month and is in line with its September 2024 reading.

The Expectations sub-index is down one point this month. It now sits nearly seven points below its reading from this time last year.

Lastly, the Jobs sub-index is down more than a point this month and shows the largest decline among the sub-indices. It is now more than four points below its reading from a year ago.

The Current Index reads at 44.7, down 0.5 point from last month. The index now sits 0.5 point higher than its reading from this time last year (44.2).

The Expectations Index reads at 57.5, down one point this month. The index is now 6.8 points lower than its September 2024 reading (64.3).

The Investment Index is at 47.1, stable (-0.3 point) from August. The index remains in line with its September 2024 reading (46.9).

The Jobs Index reads at 62.0, down 1.7 points from August. The index now sits 4.3 points below its reading from a year ago (66.3).

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 August 22 and September 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 nearly 20,000 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. Our 75 business solutions are based on primary data from our surveys, social media monitoring, and qualitative or observational techniques.

“Game Changers” – our tagline – summarizes our ambition to help our 5,000 clients navigate with confidence our rapidly changing world.

Founded in France in 1975, Ipsos has been listed on the Euronext Paris since July 1, 1999. The company is part of the SBF 120, Mid-60 indices, and is eligible for the Deferred Settlement Service (SRD).

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