May 2026: Global consumer confidence bounces back after last month’s decline
Ipsos’ Global Consumer Confidence Index is up 0.7 point this month and sits at 47.4. The index shows a slight uptick following last month’s sharp decline and now sits in line with its reading from this time last year.
Among 30 economies measured, just two countries show significant declines in consumer sentiment, while five countries show a notable gain. The Expectations and Investment sub-indices both show increases this month, while the Current and Jobs sub-indices are stable.
Based only on the “legacy 20 countries” tracked since March 2010, the Index would read at 45.7, a 0.9-point increase from April.
Sentiment is up in Europe this month. Hungary (+7.4 points) shows the largest increase among all countries, and Ireland (+2.5 points) is also up significantly. No country in Europe declined significantly this month.
In contrast, consumer confidence is mixed in Latin America. Colombia (-4.6 points) and Mexico (-3.0 points) both declined sharply this month. However, Brazil (+3.1 points) is 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 30 countries conducted on Ipsos’ Global Advisor online platform. This survey was fielded between April 24 and May 8, 2026.
Consumer sentiment in 30 countries
Among the 30 countries, India (66.6) holds the highest National Index score. India is the only country this month to hold a National Index score of 60 or higher.
Five other countries now show a National Index at or above the 50-point mark: Malaysia (56.7), Indonesia (56.7), Sweden (55.4), Brazil (52.3), and Mexico (51.0).
In contrast, three countries now show a National Index below the 40-point mark: France (39.3), Japan (37.8), and Türkiye (35.6).
Compared to 12 months ago, twelve countries now show a significant drop in consumer sentiment. In contrast, seven countries show a significant increase from May 2025, most of all in Hungary (+14.0 points).
Trends
Ipsos’ Global Consumer Confidence Index (based on all 30 countries surveyed) currently reads at 47.4. Based only on the “legacy 20 countries” tracked since March 2010, it would read at 45.7.
The Current sub-index, reflecting consumers’ perceptions of the economic climate and their current purchasing, jobs, and investment confidence, is stable (+0.4 point) this month and now sits at 37.6. In total, seven countries show a significant month-over-month gain (at least 2 points) in their Current sub-index, while three countries show a significant loss.
The Investment sub-index, indicative of consumers’ perception of the investment climate, is up 0.7 point this month and is now at 40.2. Eight countries show a significant gain in their Investment sub-index this month, compared to three countries that show a significant loss.
The Expectations sub-index, indicative of consumer expectations about future economic conditions, is up 1.6 points this month and now sits at 55.9. Nine countries show significant gains in their Expectations sub-index, while no countries show significant losses.
The Jobs sub-index, reflecting perceptions about jobs security and the jobs market, shows stability (+0.3 point) this month and is now at 57.2. Six countries show significant gains in their Jobs sub-index, and four countries show significant losses.
Of note, no countries this month show significant losses (of at least 2 points) across all four sub-indices. In contrast, Hungary and Brazil show significant month-over-month gains across all four sub-indices.
