The findings come from Nielsen’s Global Online Consumer Survey, conducted in 52 markets worldwide between September 22 and October 6, 2008.

Only 18% of respondents said they believe the recession will be over within a year.  Younger survey participants (ages 25 to 29) expressed the least amount of confidence, with just 6% saying the recession would be over within 12 months.  Older respondents (ages 65 and older) were also pessimistic about an immediate end to the recession — only 7% told Nielsen they believe the recession will be limited to one year.

More women than men (91% vs. 82%) feel the U.S. economy is in recession.  Men were also more optimistic than women about their personal finances — 39% of females described their finances over the next 12 months as “not so good,” compared with just 28% of males.  In addition, only 16% of women surveyed think their job prospects over the next 12 months will be good, compared to 26% of men.

Of those surveyed, 38% told Nielsen the ailing U.S. economy will be their biggest concern over the next six months.  Increasing fuel prices were the top concern for 10% of respondents, followed by debt (9%), increasing utility bills (7%), increasing food prices (5%), and job security (5%).

“By the end of the second quarter, most U.S. consumers had already come to the conclusion the country was in recession,” James Russo, vice president, Marketing, Nielsen, noted.  “As far as consumers are concerned, it doesn’t particularly matter that a growing number of economic indicators are pointing in that direction.  They were feeling pain in their wallets and bank accounts long before October’s tumultuous stock market activity.”

In order to cope with their economic woes, U.S. consumers told Nielsen they are trying to reduce their use of gas and electricity (67%), cutting back on out-of-home entertainment (56%), spending less on new clothes (55%), and using their cars less often (54%).  Just 4% report taking no action at all.

Those who do have extra money left after paying the bills told Nielsen they are hesitant to spend it.  After covering essential living expenses, 38% of U.S. consumers put any spare cash into savings, while 36% use it to pay off debts, credit cards, or loans.  Nearly a quarter of consumers (24%) report having no spare cash. 

View the full press release.

Read a related press release on consumer confidence in Hong Kong.

View results from Nielsen’s global survey of consumer confidence.

Learn more about the current state of the U.S. retail sector.

Read coverage of Nielsen’s findings in Seeking Alpha, Adweek, and Convenience Store News.

Learn more about global consumer confidence levels in the December 2008 issue of Nielsen’s “Consumer Insight” online newsletter.

Likeability refers to the percentage of television viewers who report liking an ad “a lot” after viewing it, among those who are able to recall an ad’s brand.

A traditional ad’s “likeability score” is the percentage of television viewers who report liking an ad “a lot” (among those who can recall an ad’s brand) after being exposed to it during the normal course of viewing primetime TV on the broadcast networks.

Likeability scores are indexed against the mean score for all new traditional ads during the time period to calculate an ad’s “likeability index.”

A likeability index of 100 indicates average recall. A likeability index of 153, for example, means that an ad was 53% better liked than the average new ad during the four-week time period.

Read coverage of Nielsen’s findings in Ad Age.

Recall refers to the percentage of television viewers who can recall, within 24 hours, an ad’s sponsor.

A traditional ad’s “recall score” is the percentage of television viewers who can recall, within 24 hours, the sponsor of an ad they were exposed to during the normal course of viewing primetime TV on the broadcast networks.

Recall scores are indexed against the mean score for all new traditional ads during the time period to calculate an ad’s “recall index.”

A recall index of 100 indicates average recall. A recall index of 216, for example, means that an ad has proven to be slightly more than twice as memorable as the average new ad during the four-week time period.

Read coverage of Nielsen’s findings in Ad Age.

Nearly half of the biggest social networking sites are also among the fastest growing, according to data released Wednesday by Nielsen Online.

These top sites have also expanded beyond the youthful audience the social networking space initially captured — to find a place in older visitors’ professional lives.  Facebook, LinkedIn, and Reunion.com are most popular among visitors ages 25-34, 35-49, and 55-64, respectively, Nielsen reported.

View the full press release.

Read coverage of Nielsen’s findings in Media Post, Wired, and PC Magazine.

Flagging sales in September, when growth dipped to 4.5% — a full percentage point below August growth levels, drove the declines.

“Shoppers are still trading down,” Mike Watkins, senior manager, retailer services, Nielsen noted.  “Family shoppers in particular, are trying to save money, with 70% saying on they are looking to economize on grocery shopping — up from 63% in June.” 

Among the top UK food retailers, Tesco remained the dominant value retailer, with a 28.3% share of grocery market spending during 12-week period ending October 4, 2008 — up 4.8% over the chain’s 28.0% share of value sales during the same period last year.

Meanwhile, Asda widened its lead in value sales over Sainsbury (13.9% share), achieving a 15.4% share of value food sales (and 8.3% year over year value growth) versus its 2007 share (14.7%).

Morrisons recorded the strongest year-over-year value sales growth of the top four food retailers (+9.6%), while Iceland showed the strongest overall growth (14.5%) during the 12-week period.

View the full press release.

Last month, Microsoft drew almost 120.9 million unique visitors, while Yahoo! drew 116.7 million.

Google remained the top-ranked Web brand in September, with more than 127 million unique visitors, according to Nielsen.

View the full press release.

View top U.S. Web brands for June 2008, July, 2008, and August 2008.

Sports-related websites in the U.S. drew a total unique audience of 77.5 million visitors in September.

View complete data on the top five sports websites.