At -19, the consumer confidence indicator in January stands far below its long-term average over the past two decades (-7). The indicator reached an all-time high (36) in January 2000 and an all-time low (-41) in March 2013.
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Economic sentiment slightly deteriorated
Consumers’ sentiment about the general economic situation is slightly more negative compared to January. This component indicator stands at -41, down from -39. Consumers are slightly more pessimistic about both the economic situation in the next twelve months and the economic situation over the past twelve months.
Willingness to buy improved slightly
Consumers’ willingness to buy stands at -5, up from -6 in January. Consumers are slightly more optimistic about their financial situation for the next twelve months but equally pessimistic about their financial situation over the past twelve months. Furthermore, they find the time for large purchases slightly less unfavourable compared to January.