At -57, the consumer confidence indicator in November 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 and October 2022. CBS has monitored consumer confidence since April 1986.
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Consumers slightly less pessimistic about the economic climate
Consumers are slightly less pessimistic about the economy in November than they were in October. This component indicator stands at -72, up from -75 in October. Consumers are mainly less negative about the economy in the next twelve months. Their opinions about the economy in the past twelve months have hardly changed.
Willingness to buy slightly less negative
Consumers’ willingness to buy stands at -46 in November, compared to -48 in October. In October, this component indicator reached the lowest level since the start of monitoring. Consumers are mainly less pessimistic about their financial situation in the next twelve months. Opinions about the financial situation over the past twelve months have hardly changed. Consumers are virtually as negative about making large purchases in November as they were in October.