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Chart Pack: Global Consumer Confidence July 2023

Chart Pack

Report summary

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.

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