Economics
Global Consumer Confidence Report: December 2022
Report summary
While consumer sentiment bounced higher in the United States and the majority of countries tracked by Morning Consult in November, headwinds across the global economy are mounting. Driven by declines in China, Australia, Brazil and Canada, a GDP-weighted measure of consumer confidence in major global economies continued to fall last month.
Key Takeaways
- A GDP-weighted measure of Morning Consult’s Index of Consumer Sentiment fell 0.2% from October to November.
- Italy saw the largest increase in consumer confidence from October to November, with the Morning Consult Italy Index of Consumer Sentiment rising 13.3% month over month.
- Colombia experienced the largest decrease in the ICS in November, with consumer sentiment falling 4.5% as inflation mounts and the Colombian peso depreciates considerably against the U.S. dollar.
About the authors
John Leer leads Morning Consult’s global economic research, overseeing the company’s economic data collection, validation and analysis. He is an authority on the effects of consumer preferences, expectations and experiences on purchasing patterns, prices and employment.
John continues to advance scholarship in the field of economics, recently partnering with researchers at the Federal Reserve Bank of Cleveland to design a new approach to measuring consumers’ inflation expectations.
This novel approach, now known as the Indirect Consumer Inflation Expectations measure, leverages Morning Consult’s high-frequency survey data to capture unique insights into consumers’ expectations for future inflation.
Prior to Morning Consult, John worked for Promontory Financial Group, offering strategic solutions to financial services firms on matters including credit risk modeling and management, corporate governance, and compliance risk management.
He earned a bachelor’s degree in economics and philosophy with honors from Georgetown University and a master’s degree in economics and management studies (MEMS) from Humboldt University in Berlin.
His analysis has been cited in The New York Times, The Wall Street Journal, Reuters, The Washington Post, The Economist and more.
Follow him on Twitter @JohnCLeer. For speaking opportunities and booking requests, please email [email protected]
Jesse Wheeler previously worked at Morning Consult as a senior economist.
