Consumer confidence in the Asia-Pacific region has been relatively weak in recent months, with sentiment plateauing in China and India and falling in Australia. The latter especially has seen a sharp deterioration in confidence as the economy faces mounting headwinds. In Japan, despite a recent uptick, sentiment has broadly deteriorated since the middle of 2023. Inflation has outpaced wages, weighing on purchasing power, and consumer spending declined for the sixth consecutive month in August.
This chart pack offers a preview of Morning Consult’s October Global Consumer Confidence Report. Morning Consult Economic Intelligence subscribers can access the full report here.
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