Topline report on IFM Consumer Confidence Index June 2025 - Tariff Edition

Negatively = Confidence & spend are in decline, driven by Inflation & US Tariff & a substantial decline in confidence in Northern Vietnam. Business results, increase in salaries & ability to save have also declined.

Positively = Consumers seem more optimistic in overall economic well-being to the end of the year, but this may be “wishful thinking” only.