December 2019: global consumer confidence is stagnant
At 48.5, December 2019’s our Global Consumer Confidence Index remains virtually unchanged since last month with just a 0.1-point difference, continuing its decline to its lowest point in over two years.
The three-month decline of 1.0 point in the Global Index is driven by a significant score drop in 11 of the 24 measured markets during the same period: Poland (-3.5), Turkey (-3.4), Sweden (-3.2), Italy (-2.6), Russia (-2.6), mainland China (-2.4), Belgium (-2.2), Spain (-1.8), Australia (-1.7), France (-1.7), and Saudi Arabia (-1.6). Only two countries show a significant score increase in its National Index over the past three months: Hungary (+3.0) and the United States (+1.6).
The Consumer Confidence Index, also called the “National Index,” reflects consumer attitudes on the current and future state of their local economy, their personal finance situations, their savings and their confidence to make large investments. Mainland China continues to enjoy the highest National Index with a score of 69.1, followed by Saudi Arabia (62.8), the United States (61.9), and India (61.1). At the opposite end of the spectrum, Turkey stands at the bottom of the National Index with a score of 33.7, followed by Argentina (37.8) and Russia (38.1).
Visit our interactive portal, Ipsos Consolidated Economic Indicators (IpsosGlobalIndicators.com) for graphic comparisons and trended data pertaining to the Ipsos Global Consumer Confidence Index and sub-indices -- and all the questions on which they are based.
