Global consumer confidence almost back to pre-pandemic level
The Global Consumer Confidence Index is the average of 24 countries’ National Indices. It is based on a monthly survey of more than 17,500 adults under the age of 75 conducted on Ipsos’ Global Advisor online platform. This survey was fielded between June 25 and July 9, 2021.
Eleven of the 24 countries surveyed show significant growth in their National Index when compared to the previous month: Argentina (+2.9), Germany (+2.7), Italy (+2.7), Brazil (+2.4), Canada (+2.3), Mexico (+1.9), Poland (+1.9), Turkey (+1.5), Hungary (+1.5), France (+1.5) and Belgium (+1.5). Only one country, South Africa (-1.8), displays a significant decline from June.
With a month-on-month gain of 1.0 point, the Global Consumer Confidence Index reads at 48.3. This is the eighth consecutive month of gains, marking a 6.2 point increase from November 2020.
At a global level, the Jobs and Investment Indices display significant month-on-month gains (at least 0.5 points), while the Expectations Index slows the growth and remains statistically unchanged from June. Five countries see significant gains (at least 1.5 points) across all three indices: Argentina, Brazil, Canada, Italy, and Germany. None of the countries surveyed record significant drops on all three, partly because no countries record a significant drop in the Investment Index.
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