Global Consumer Confidence Dashboard

Key Takeaways

• July was slightly weaker than June in terms of global consumer sentiment, with 23 countries--including many of the world's largest economies--registering declines since last month. Compared with a year ago, July 2025 readings were stronger in most countries, with Europe being the only region where more countries than not averaged lower readings than a year ago.

• In the Americas region, consumer sentiment increased month over month in most of the Latin American countries as well as in Canada, but declined in the U.S. and Argentina. While recent trade deals and the less-than-anticipated impact of tariffs on prices and spending in the U.S. has helped support sentiment, concern remains about further disruption in the wake of the additional tariffs implemented August 1.

• Europe had some of the weakest developments in consumer sentiment from June to July, despite the European Union reaching a trade agreement with the U.S., averting worst-case-scenario tariffs with a top trading partner. Uncertainty about tariff impacts and factors like energy costs continue to concern European consumers.

• The Middle East & Africa region had more positive developments with sentiment since June, with only Saudi Arabia, South Africa and Turkey registering declines. Year-over-year, the region's ICS scores have strengthened everywhere except South Africa.

• Sentiment has been mixed across Asia & the Pacific region, with some of the largest economies, including China and India, experiencing a decline month-over-month while others--including Japan and South Korea, each of which had trade deals announced with the U.S. reducing the level of previously threatened tariffs--had increases in sentiment levels since June. Australia has had some of the strongest gains in sentiment both on a monthly basis and year-on-year, buoyed in part by softening inflation.