A Look At Consumer Confidence All Around The World

Nielsen Global Consumer Confidence

Photo: Nielsen

The world’s consumers remain fearful that economies are heading back into recession.Six out of 10 respondents polled by Nielsen said they thought the country they lived in had already slipped into recession.

European sentiment was particularly hard hit, with Greece, Italy, and Spain all ranking in the bottom 10.

As for the U.S., the picture was equally bleak. Consumers in 36 other nations were more confident than those in the U.S., where high unemployment persists and a fractured political establishment has turned daily conversation into polemic.

Aggregate consumer confidence fell for the seventh consecutive quarter, with more than 62% of people thinking their home country is in a recession

Of the 56 nations tracked by Nielsen, more than half saw declining consumer confidence

Economic concerns once again became the most stressful issue impacting respondents, topping job security and debt concerns

Fatigue has started to set in, as consumers now look to increase spending on activities that offer a respite from the daily news

But, respondents agree that now may be the worst time to conduct those purchases

The most confident consumers were located in the Middle East, Asia, and the Pacific Rim

While European nations were subsumed with the ongoing debt crisis, pushing confidence lower in 11 Eurozone members

Results in Latin America were mixed, as confidence fell in Argentina, Venezuela, and Chile. Nielsen noted that restrictions of imports in Venezuela dampened sentiment

Asian consumers continued to save as higher commodity prices impacted those living in Singapore. In Malaysia, consumers began putting off purchases to conserve cash on hand

Egyptian confidence began to rebound, even as political instability remained on the minds of the country's people

You may want to check to see if you're one of the consumers burning out

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