Consumer confidence reaches new all-time low

© Hollandse Hoogte / Richard Brocken
Consumers are more gloomy in September than they were in August, breaking the record low in consumer confidence for the fifth time this year. In September, consumer confidence stands at -59, compared to -54 in August. Consumers were never before so pessimistic about the economic situation and their financial situation.
At -59, the consumer confidence indicator in September is positioned well below its long-term average over the past two decades (-9). The indicator reached an all-time high (36) in January 2000 while the all-time low (-59) was reached in September 2022. CBS has monitored consumer confidence since April 1986.

Consumer confidence, seasonally adjusted
yearmonthbalance (average of the component questions)
2018October15
2018November13
2018December9
2019January1
2019February-2
2019March-3
2019April-3
2019May-3
2019June-1
2019July1
2019August-1
2019September-2
2019October-1
2019November-2
2019December-2
2020January-2
2020February-2
2020March-3
2020April-23
2020May-31
2020June-27
2020July-26
2020August-29
2020September-28
2020October-30
2020November-26
2020December-19
2021January-19
2021February-19
2021March-18
2021April-14
2021May-9
2021June-3
2021July-4
2021August-6
2021September-5
2021October-10
2021November-19
2021December-25
2022January-28
2022February-30
2022March-39
2022April-48
2022May-47
2022June-50
2022July-51
2022August-54
2022September-59

Consumers more pessimistic than ever about the economic climate

Consumers are more pessimistic about the economy in September than they were in August. This component indicator stands at -79, down from -74 in August. Consumers have not been so pessimistic about the economy since the beginning of the time series in 1986. They are more negative about both the economy in the past twelve months and about the economy in the next twelve months.

Willingness to buy at historically low level

In September, consumers’ willingness to buy stands at -46, compared to -41 in August. This is a record low as well. Consumers are more pessimistic than ever before about both their financial situation in the next twelve months and their financial situation over the past twelve months. They are also more negative than ever before about making large purchases.

Fewer people think they can put money aside

In September, 46 percent of the respondents find it unlikely or very unlikely than they can put money aside in the next twelve months. This is the highest percentage since the beginning of the time series in 2017. The percentage considering it likely or very likely that they can put money aside has dropped to 50. Furthermore, 85 percent of the respondents classifies the price increases over the past year as sharp. This is a record high as well.

Over the next twelve months, how likely is it that you save any money?
YearMonth(Very) unlikely(Very) likelyDon't know
2018oktober37586
2018november38584
2018december37567
2019januari39583
2019februari37604
2019maart39547
2019april37585
2019mei39574
2019juni36595
2019juli37594
2019augustus35596
2019september38566
2019oktober38575
2019november41546
2019december37567
2020januari36585
2020februari34605
2020maart33626
2020april40555
2020mei33616
2020juni32617
2020juli31636
2020augustus32635
2020september32635
2020oktober32617
2020november32626
2020december27667
2021januari29655
2021februari28657
2021maart30646
2021april29656
2021mei28675
2021juni26695
2021juli32626
2021augustus29656
2021september32635
2021oktober33625
2021november36595
2021december36596
2022januari35623
2022februari36595
2022maart37567
2022april37576
2022mei35605
2022juni38566
2022juli35614
2022augustus40555
2022september45504