With a score of + 13, January’s consumer confidence indicator is significantly above its long-term average over the past two decades (- 8). The indicator reached an all-time high in April 2000 (+ 27) and an all-time low in February 2013 (- 44).
Consumers more optimistic about economic climate, willingness to buy deteriorated
Consumer confidence in the economy has improved this month relative to December. The component indicator economic climate has risen from + 23 in December to + 28 in January. Consumers are more positive about the economic situation over the past 12 months as well as the outlook for the next 12 months.
Consumers’ willingness to buy has declined marginally in January. This component indicator of consumer confidence now stands at +3, versus +5 in December. Consumers think the time is less favourable to buy expensive, durable items and are more negative about their financial situation over the past 12 months. On the other hand, their opinion about the financial situation in the coming 12 months has improved slightly.