Global Consumer Confidence Report: November 2022
Headwinds are mounting for the global economy. Consumer sentiment continued to slide in October as persistent inflation weighs on confidence and central banks across much of the globe undertake a synchronized, aggressive monetary policy aimed at cooling demand.
- A GDP-weighted measure of Morning Consult’s Index of Consumer Sentiment fell 0.5% as confidence continues to slip across the global economy.
- Thailand experienced the greatest increase in consumer sentiment in October, with the monthly average of the Thailand ICS up 5.1% month over month.
- On the other end of the spectrum, Chile saw the largest decline of any country, with the monthly average of the Morning Consult Chile ICS dropping 8.5% from September to October.
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.
Jesse Wheeler previously worked at Morning Consult as a senior economist.