At -26, the consumer confidence indicator in July stands far below its long-term average over the past two decades (-5). The indicator reached an all-time high (36) in January 2000 and an all-time low (-41) in March 2013.
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Willingness to buy more or less the same
Consumer’ willingness to buy stands at -10, up from -11 in June. Opinions of consumers on their financial situation over the past twelve months have deteriorated. Opinions on their expected financial situation for the next twelve months were less negative. Consumers also find this time less unfavourable to make large purchases than in June.
Economic sentiment also largely unchanged
Consumers’ sentiment about the general economic situation remains largely the same as in June. This component indicator stands at -52, up from -51. Opinions on the economic situation over the past twelve months have deteriorated, while opinions on the economic situation in the next twelve months have improved.