Global consumer confidence fell for a second consecutive week, with the four-week moving average dropping 0.92 points to 98.51 for the week ending August 9. The drop extends a pullback that halted the global recovery from its April 19 low of 93.2.
Regional Breakdown
The decline broadened significantly across global regions. Out of 48 tracked markets, 34 recorded a falling four-week average this week, compared to 25 markets last week and 17 two weeks prior.
In the Americas, U.S. sentiment held essentially flat with a minor 0.03-point dip to 90.36. Peru registered the region’s strongest performance, jumping 2.0 points to 116.11 for its largest weekly gain in over a month.
Europe saw a second straight decline in Germany, where the four-week moving average dropped 2.9 points to 72.57. The Netherlands slipped 4.9 points to 82.05, placing it 8.2% below January baseline figures.
In the Asia-Pacific region, Australia posted the sharpest downturn as its four-week average fell 1.7 points to 86.18, pushing its January comparison negative (−10.3%) for the first time.
Original reporting: Tampa Free Press — read the source article.
