All three of IHP’s Consumer Confidence indices dropped marginally in August 2024 compared to the previous month. The Index of Consumer Sentiment (ICS), the broadest measure of the public views on personal economic status and the national economy, decreased by 3 points to 30. The Index of Consumer Expectations (ICE), which tracks future perceptions, fell by 4 points to 31, and the Index of Current Conditions (ICC), a measure of perceptions of current conditions, dropped 3 points to 28. The decrease in consumer confidence is mainly due to growing pessimism about the country's prospects over the next five years. 

IHP consumer confidence indices range from zero to a potential maximum of 100, with levels below 50 indicating net pessimism. They follow the same methodology commonly used in the United States and Europe, with data collected through telephone interviews. These estimates are based on 19,233 interviews conducted between Oct. 21, 2021–Sep. 7, 2024, including 1,150 interviews conducted in August 2024. Sample sizes vary between indices depending on response rates, with responses weighted to match the national population.