Global Consumer Sentiment Update

Global Consumer Sentiment Update
The November readings of the Thomson Reuters/Ipsos Consumer Sentiment indexes revealed a picture of solid consumer confidence at a global level.  The global GDP weighted reading was up +0.13pts to 57.76 with Developed Economies up +0.08pts to 54.04 and Emerging Markets up +0.17pts to 61.35.  This follows on from a strong round of PMI data for October – the chart below shows the global manufacturing PMI accelerating alongside the upturn in the consumer sentiment i

Get The REITs eBook in PDF

Get our PDF study on REITs and our other investor studies! Save it to your desktop, read it on your tablet, or email to your colleagues.

ndicator.  That both consumer and manufacturing confidence is on the rise says something about the strength of the global economic upturn.
The rise of consumer sentiment has coincided with a strong run in global stock markets. This is an important observation because consumer sentiment is both affected by rising stock prices, and a reflection of the economic currents which drive corporate earnings.  In this respect it serves as a good confirming indicator for global equity strategy, but should also be on watch for any divergences or indeed a lack of confirmation in the direction of global stock prices.
While leading and lagging at different times both consumer sentiment and manufacturing confidence have risen to strong levels; reflecting a strengthening global economic cycle.


Play Quizzes 4
The steady march higher in the global consumer confidence reading has been met with a steady rise in the MSCI All Countries World Index (global equities).  It serves as a good confirming economic indicator for global equity strategy.


For more and deeper insights on global economics and asset allocation, and some more good charts you may want to subscribe to the Weekly Macro Themes.  Click through for free look or a trial.

Updated on

How A Weakening PE Market Serves As Another Sign Of A Weakening Economy

InvestAmid the turmoil in the public markets and the staggering macroeconomic environment, it should come as no surprise that the private markets are also struggling. In fact, there are some important links between private equity and the current economic environment. A closer look at PE reveals that the industry often serves as a leading indicator Read More

Topdown Charts: "chart driven macro insights" Based in Queenstown, New Zealand, Topdown Charts brings you independent research and analysis on global macro themes and trends. Topdown Charts covers multiple economies, markets, and asset classes with a distinct chart-driven focus. We are not bound by technical or fundamental dogma, and instead look to leverage any relevant factor to capture the theme. As such, here you will find some posts that are purely technical strategy, some that just cover economics and data, and some posts that use multiple inputs to tell the story and identify the opportunities. Callum Thomas Head of Research Callum is the founder of Topdown Charts. He previously worked in investment strategy and asset allocation at AMP Capital in the Multi-Asset division. Callum has a passion for global macro investing and has developed strong research and analytical expertise across economies and asset classes. Callum's approach is to utilise a blend of factors to inform the macro view.
Previous article Saudi Game Of Thrones Causes Oil Prices To Surge
Next article World Class Benchmarking Is Simple, Focused, And Team Building (1 Of 5)

No posts to display