At -18, the consumer confidence indicator in March 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 improved slightly
Consumers’ sentiment about the general economic situation is slightly less negative compared to February. This component indicator stands at -39, up from -41. Consumers are less pessimistic about the economic situation in the next twelve months, but more pessimistic about the economic situation over the past twelve months.
Willingness to buy improved marginally
Consumers’ willingness to buy stands at -4, up from -5 in February. Consumers’ opinions about their financial situation for the next twelve months and their financial situation over the past twelve months remain unchanged. Furthermore, they find the time for large purchases slightly less unfavourable compared to February.