Consumer confidence down
With a score of +23 in May, however, the consumer confidence indicator is significantly above its long-term average over the past two decades (-3). The indicator reached an all-time high in January 2000 (+36) and an all-time low in March 2013 (-41).
Mood about economic climate and willingness to buy deteriorates
Consumer confidence in the economy has deteriorated in May relative to April. The component indicator Economic climate has fallen from +50 in April to +45 in May. Consumers are less positive about the economic situation in the past and next 12 months.
Consumers’ willingness to buy has also deteriorated in May. This component indicator of consumer confidence now stands at +8, down from +10 in April. Consumers are less positive about their personal financial situation and they think it is a less favourable time to buy expensive, durable items.
As of April, a revised set of data on consumer confidence, economic climate and willingness to buy is available. This revised set will be based on new observation methods and will cover the period from April 1986 onwards.
- Dossier - Business Cycle