Consumer Confidence Index

Two months after the first coronavirus outbreak reports, China loses its status of consumer sentiment champion to Saudi Arabia while Italy, Japan, South Korea, Mexico and the United States see a notable drop in their expectations Index since February.

Global consumer confidence index has barely changed since the COVID-19 virus outbreak, but China’s national index is down by more than four points.

Consumer sentiment is up in South Africa, the U.S., Great Britain, Argentina and Japan, but falls in Poland, Turkey, Sweden, Israel and South Korea.

Global Consumer Confidence Index in December is at the lowest since May 2017.

While consumer sentiment is down in many economies, Americans show increased optimism, especially when it comes to jobs.

Half of the 24 economies surveyed show a significant three-month decline in their Consumer Confidence Index.

Optimism lessens significantly in half of the economies surveyed, including the U.S., mainland China, Germany and India.

Significant drops are seen in India, Spain, Germany, the U.S., Sweden, Italy and Mexico; meanwhile, optimism gains in Argentina, Saudi Arabia, France, Turkey and China.

Strongest gains in optimism observed in Argentina, Turkey, China, and France; Japan, Spain, India, and Sweden see significant drops.