Chart Pack: Global Consumer Confidence August 2023
This Chart Pack provides a curated summary of Morning Consult’s proprietary Economic Intelligence data on global consumer confidence.
Consumer confidence increased in July in 23 of the 43 countries tracked by Morning Consult.
Chart pack highlights:
- U.S. consumers continue to grow more confident amid a strong labor market and falling inflation. Confidence among high earners is still leading the recent surge in sentiment as economic outcomes improve for wealthier Americans.
- Canadian consumer confidence is also leveling off as inflation wanes and sentiment around the housing market improves.
- Sentiment in China ticked up 0.1% in July after falling in June. With external demand facing considerable headwinds, the trajectory of economic activity in the second half of 2023 will depend heavily on the Chinese consumer.
- Consumer sentiment in Germany has stalled, while confidence in the United Kingdom is now trending lower, dragging down purchasing consideration.