The latest version of Nielsen’s Economic current shows signs of recovery, specifically in markets like China, India, Hong Kong and Brazil.

An increase in consumer confidence in Asian markets, as well as Brazil, continues to reflect signs that the economy is emerging from a global recession and, in some markets, the recovery is accelerating.

A North American snapshot of Nielsen’s Global Economic Current finds the U.S. and Canada with improving consumer confidence, but still hampered by timid spending.

Global consumers are increasingly feeling confident about the economy and their finances. While Asia is leading the rebound, signs point to improved consumer behavior in other parts of the world.

Europe experienced a modest volume growth of 1% in the third quarter, down 0.9% compared to the prior quarter. However, this growth is still ahead of the United States.

With American consumers set to spend less over holidays, many are focused on stretching their dollars as Black Friday, the biggest shopping day of the year, approaches.

Canada continues to show a steady increase in consumer confidence, with its index rising to 94, up four points since July and 10 points since April.

Consumers around the world are expressing more confidence about their personal financial situations, according to the most recent Nielsen Global Consumer Confidence Index.

With hopes for a full economic recovery accelerating in 26 out of the 28 major global markets, consumers around the world might be expected to return to their previous spending patterns.

The DOW is up and the Fed chair says the recession is “likely over,” but ultimately, it is the consumer who will determine when the economy is back on track.