The LSEG/Ipsos Primary Consumer Sentiment Index for June 2025 is at 53.4. Fielded from May 23 – June 5, 2025, the index is up 3.4 points from last month.
The index is up significantly for the first time since February, ending a three month decline that saw it lose more than five points over that span. The index now sits half a point below its reading from this time last year.
“June’s LSEG/Ipsos Primary Consumer Sentiment Index finds that overall American consumer sentiment is up significantly this month, with consumers showing increased optimism for the first time since February,” Johnny Sawyer of Ipsos said. “This month’s uptick in consumer sentiment is driven by increases in purchasing comfort and the current views of job market, a reversal from how things had been for much of 2025. However, consumer confidence is still muted compared to the end of 2024, particularly when it comes to consumers’ future expectations of the economy. As we enter the second half of the year, it remains to be seen if American consumer sentiment will begin to trend in a more positive direction, or if it will continue to be plagued by the uncertainty that has defined the year so far.”
“Despite strong consumer spending in the first quarter, the outlook for the rest of the year appears more cautious,” Jharonne Martis, director of consumer research at LSEG, said. “Retailers and analysts surveyed by LSEG have been revising their earnings forecasts downward, citing tariffs, macroeconomic challenges and a more discerning consumer.”
The Current and Investment sub-indices are both up around four points this month. Both sub-indices are now in line with their respective June 2024 readings. The Expectations sub-index is up more than a point this month and shows its first increase since February. However, it is still roughly two points below its reading from this time last year. Lastly, the Jobs sub-index is up more than four points this month and shows the largest increase among the sub-indices. It now sits less than a point lower than its reading from a year ago.
- The Current Index reads at 44.7, up 4 points from last month. The index is now in line with its reading from this time last year (45.0).
- The Expectations Index reads at 58.3, up 1.5 points from last month. The index is now 2.2 points lower than its June.
- The Investment Index is at 46.7, up 3.6 points from May. The index is now in line with its June 2024 reading (46.9).
- The Jobs Index reads at 64.6, up 4.3 points from May. The index now sits just 0.7 point below its reading from a year ago.
- The PCSI Current Index currently reads at 44.7, up 4 points from last month. The index is now 3.3 points lower than its last reading of 2024 (48.0).
- The PCSI Expectations Index is up 1.5 points since May and reads at 58.3. However, it remains 6.3 points lower than its December 2024 reading (64.6).
- The PCSI Investment Index reads at 46.7, up 3.6 points since last month. The index is now 3.7 points below its final 2024 reading (50.4).
- This month, the PCSI Jobs Index is at 64.6, up 4.3 points from May. Despite this month’s increase, the index is still 4.3 points lower than its December 2024 reading (68.9).
