With a score of + 23 in February, 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). Consumer confidence has fluctuated between + 23 and + 26 for nearly a year now.
|balance (average of the component questions)|
Mood about economic climate slightly less positive
Consumer confidence in the economic climate was somewhat less favourable in February. This component indicator of consumer confidence stands at + 43, down from + 45 in January. Opinions on the economic climate in the coming twelve months as well as in the past twelve months have deteriorated slightly.
Consumers’ willingness to buy has decreased slightly in February as well. This component indicator of consumer confidence stands at + 10, down from + 11 in January. Consumers are slightly less positive about their personal financial situation, but are equally positive about buying expensive, durable items.