Global Consumer Confidence Index - June 2019

June 2019 sees the Ipsos Global Consumer Confidence Index at 49.6, up 0.3 against last month, at the same level it was three months ago, but down 0.8 of a point over the past year. Uptick in optimism in India, the U.S. and several European markets. Japan, Saudi Arabia and Australia show signs of slowdown. Latin America and South Africa still in a slump.

The author(s)

  • Nicolas Boyon Public Affairs, US
  • Chris Jackson Public Affairs, US
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Visit our interactive portal, Ipsos Consolidated Economic Indicators 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.


Eight of the 24 countries surveyed see significant three-month gains in their National Index: India (+4.9), Turkey (+3.6), the United States (+2.2), Poland (+2.0), Spain (+1.9), Belgium (+1.9), Sweden (+1.9). and Hungary (+1.8).

Consumer confidence in Japan, Saudi Arabia and Australia show signs of slowing down at varying rates with National Index results declining over the past three months, ranging from 3.2 points in Japan, to 2.7 points in Saudi Arabia, and 1.8 points in Australia.  Consumer confidence continues to decline sharply across all three Latin American markets surveyed with three-months drops of 5.0 points in Brazil, 4.1 points in Mexico, and 2.2 points in Argentina. South Africa shows a similar pattern with a three-month decline of 4.3 points.

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.

China continues to enjoy the highest National Index with a score of 69.9; India (65.4), the United States (61.4), Saudi Arabia (61.4), and Sweden (60.4) round off the top-5 markets.  At the other end of the spectrum, the countries with the weakest level of consumer confidence are Argentina (34.0), Turkey (35.4), and South Africa (39.2).

Jobs Index

(Job security confidence, job loss experience, employment outlook)

Expectations Index

(Personal financial, community economy, and employment outlook)

Investment Index

(Purchasing and investment confidence, personal financial situation and outlook)

Global average: 57.7

3-month trend: +0.1

Largest gains:

  • Italy: +4.1
  • China: +3.2
  • Turkey: +2.6

Largest drops:

  • Mexico: -4.9
  • South Africa: -4.3
  • Brazil: -3.4

Global average: 57.9

3-month trend: +0.5

Largest gains:

  • India: +5.9
  • Turkey: +5.5
  • Great Britain: +2.4

Largest drops:

  • Brazil: -4.3
  • South Africa: -3.1
  • Japan: -1.8

Global average: 43.1

3-month trend: -0.3

Largest gains:

  • India: +7.0
  • Turkey: +3.8
  • United States: +3.5

Largest drops:

  • Brazil: -6.5
  • Japan: -6.2
  • Saudi Arabia: -5.6
These findings are based on data from Refinitiv/Ipsos’ Primary Consumer Sentiment Index (PCSI) collected in a monthly survey of consumers from 24 countries via Ipsos’ Global Advisor online survey platform. For this survey, Ipsos interviews a total of 17,500+ adults aged 18-74 in the United States, Canada, China*, Israel, South Africa and Turkey, aged 19-74 in South Korea, and aged 16-74 in the other 17 countries, each month. The monthly sample consists of 1,000+ individuals in each of Australia, Brazil, Canada, China*, France, Germany, Italy, Japan, Spain, Great Britain and the United States, and 500+ individuals in each of Argentina, Belgium, Hungary, India, Israel, Mexico, Poland, Russia, Saudi Arabia, South Africa, South Korea, Sweden and Turkey.
Data collected each month are weighted so that each country’s sample composition best reflects the demographic profile of the adult population according to the country’s most recent census data. Data collected each month are also weighted to give each country an equal weight in the total “global” sample.  Online surveys can be taken as representative of the general working age population in Argentina, Australia, Belgium, Canada, France, Germany, Great Britain, Hungary, Italy, Japan, Poland, South Korea, Spain, Sweden, and the United States. Online samples in Brazil, China*, India, Israel, Mexico, Russia, Saudi Arabia, South Africa and Turkey are more urban, more educated and/or more affluent than the general population and the results should be viewed as reflecting the views of a more “connected” population.

The author(s)

  • Nicolas Boyon Public Affairs, US
  • Chris Jackson Public Affairs, US

Consumer & Shopper