Chart Pack: Global Consumer Confidence July 2023
This chart pack provides a curated summary of Morning Consult’s proprietary Economic Intelligence data on global consumer confidence.
The broad rally in global sentiment in place since December 2022 waned in June, ending a six-month run of increases in the GDP-weighted global measure of Morning Consult’s Index of Consumer Sentiment.
Chart pack highlights:
- Weakening sentiment in China was a major driver of the decline, with the Morning Consult China Index of Consumer Sentiment dropping 2.1% in June.
- The broad uptrend in consumer confidence in the United States regained traction in June after a brief dip in late May, driven by high-income households.
- Confidence in Russia was not dented by the recent attempted mutiny by Wagner Group soldiers, with sentiment moving higher in June.