Consumer confidence concerns and spending intentions
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Those are among the major takeaways from the Global Consumer Confidence Index for the first quarter ofa study of consumer sentiments released two weeks ago by The Conference Boarda nonprofit think tank based in New York City.
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The Nielsen Global Survey of Consumer Confidence and Spending Intentions, established inmeasures consumer confidence, major concerns and spending intentions among more than 30, respondents with Internet access in 60 countries. Give it a try here.
Consumer confidence october 2018
Detailed data series are made available on a complimentary basis to members of The Conference Board. Croatia and Italy each reported the lowest consumer confidence scores 45 , an increase of one point each compared to the previous quarter. Much of that may be related to large budget cuts and other financial issues Pakistan faces now, as well as its military conflicts with India, he explained. The Nielsen Global Survey of Consumer Confidence and Spending Intentions, established in , measures consumer confidence, major concerns and spending intentions among more than 30, respondents with Internet access in 60 countries. However, the strengths and weaknesses among the regions were not as balanced as in Q1. The increase is part of a slow, but steady upward movement in consumer sentiment reported in the first half of the year. The survey digs deeper to understand why consumers in some countries are less optimistic than in others.
Fast-moving consumer goods dollar sales are up 2. For instance, in a category like technology, North America is the only region where spending on technology is still growing, she added.
The advance of globalization and digital connectivity make it especially important for companies in the U.
Quarterly consumer confidence index
Typically, in Europe, as well as in Latin America, people tend to be more concerned about job prospects than, for example, in North America and Asia-Pacific. Confidence in the UK dropped further and is now well below —a result of Brexit and the ensuing political and economic uncertainties around this event. Consumer confidence: does it drive consumer spending? Drivers of Consumer Confidence Remain Strong in Most Markets Global optimism about the short-term outlook for the labor market remains high, with 59 percent of global consumers seeing good or excellent labor market conditions. They are just in a holding pattern. The timing of the survey it was conducted in February may also have influenced the confidence levels that consumers displayed. In such a setting, consumers tend to be cautious, he added. Download Global consumer confidence edged up one index point in the third quarter to a score of 98—up from 97 in the previous quarter and up two points from the start of the year. However, the strengths and weaknesses among the regions were not as balanced as in Q1.
based on 46 review