April 2025: Global consumer confidence down slightly for the second consecutive month
Ipsos’ Global Consumer Confidence Index is down 0.5 point since last month and sits at 47.7. The index declined in back-to-back months and is now 1.2 points below its reading from this time last year.
Among 29 economies measured, five countries show significant gains in consumer sentiment, while seven countries show a notable decline. All four sub-indices are down significantly this month.
Based only on the “legacy 20 countries” tracked since March 2010, the Index would read at 45.4, down 0.8 point since March.
Sentiment is mixed in the Asia-Pacific. Australia (-3.1 points) shows the largest decline among all countries, and India (-2.4 points) is also down significantly. However, sentiment is up in Singapore (+2.6 points), Indonesia (+2.6 points), and Thailand (+2.2 points).
Consumer confidence is also mixed in Latin America. Peru (-2.4 points) and Argentina (-2.1 points) show significant declines this month. In contrast, Chile (+2.4 points) and Brazil (+2.2 points) are both up significantly.
The Global Consumer Confidence Index is the average of all surveyed countries’ Overall or “National” indices. This month’s installment is based on a monthly survey of more than 21,000 adults under the age of 75 from 29 countries conducted on Ipsos’ Global Advisor online platform. This survey was fielded between March 21 and April 4, 2025.
Consumer sentiment in 29 countries
Among the 29 countries, Indonesia (61.1) holds the highest National Index score. It is the only country with a National Index score of 60 or higher.
Nine other countries now show a National Index at or above the 50-point mark: Singapore (59.8), Malaysia (58.4), India (57.8), Mexico (56.9), Thailand (54.5), the U.S. (52.8), Sweden (52.5), the Netherlands (52.4), and Brazil (51.3).
In contrast, four countries show a National Index below the 40-point mark: South Korea (38.2), Japan (36.0), Hungary (34.7), and Türkiye (33.1).
Compared to 12 months ago, fourteen countries show a significant drop in consumer sentiment. In contrast, only Malaysia and Singapore show a significant increase from April 2024.
Trends
Ipsos’ Global Consumer Confidence Index (based on all 29 countries surveyed) currently reads at 47.7, down 0.5 point since March. Based only on the “legacy 20 countries” tracked since March 2010, it would read at 45.4.
The Current sub-index, reflecting consumers’ perceptions of the economic climate and their current purchasing, jobs, and investment confidence, is down 0.5 point and now sits at 38.1. In total, seven countries show a significant month-over-month gain (at least 2 points) in their Current sub-index, while eleven countries show a significant loss.
The Investment sub-index, indicative of consumers’ perception of the investment climate, is down 0.6 point and is now at 40.5. Six countries show a significant gain in their Investment sub-index this month, and eleven countries show a significant loss.
The Expectations sub-index, indicative of consumer expectations about future economic conditions, declined 0.6 point this month and now sits at 56.1. Just three countries show significant gains in their Expectations sub-index, compared to seven countries that show a significant loss.
The Jobs sub-index, reflecting perceptions about jobs security and the jobs market, is down 0.6 point this month and is now at 57.3. Indonesia is the only country to show a significant gain in their Jobs sub-index, while five countries show significant losses.
Of note, Australia is the only country to show significant losses (of at least 2 points) across all four sub-indices. In contrast, Indonesia is the only country to show significant month-over-month gains across all four sub-indices.
