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Track Consumer Confidence Worldwide
US consumers' confidence in the economy has risen for the fourth consecutive month, according to the latest survey from BIGresearch. However, a recent Ipsos survey records a drop in confidence. To help you make sense of such differences - and to bring you the confidence picture worldwide - we've introduced a new Consumer Confidence section.
The new section - www.mrweb.com/drno/conf - contains frequently updated results from consumer confidence surveys conducted across the world, bringing you an overview of the ups and downs in confidence levels, and explaining the methodology used for each survey.
The latest results to be added are from the BIGresearch monthly Consumer Intentions and Actions (CIA) survey, released this week. This month's survey, based on the views of more than 8,000 consumers, finds 48.2% of US adults very confident or confident about the chances for a strong economy - an increase of 5 points since last month, and down just half a point from this time last year (48.7%).
This upturn is confirmed by the results of two other surveys, both released at the end of December - the Conference Board Consumer Confidence Index (conducted by TNS NFO) and the University of Michigan Index of Consumer Sentiment.
However, the Royal Bank of Canada (RBC) Consumer Attitudes and Household Spending (CASH) Index, conducted by Ipsos and released last week, paints a different picture. Following three consecutive months of rises, the consumer confidence index fell to 78.2 in January from 85.5 in December. It is now significantly below the January 2004 level of 106.3.
More details for each of these surveys are at www.mrweb.com/drno/conf
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