Consumers again less pessimistic

© CBS / Nikki van Toorn
Consumers are less gloomy in December than they were in November. However, consumer confidence is still exceptionally low. In December, it stands at -52, up from -57 in November. Consumers are less pessimistic about the economic situation, and willingness to buy is also less negative.

At -52, the consumer confidence indicator in December 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.

Consumer confidence, seasonally adjusted
yearmonthbalance (average of the component questions)
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
2022October-59
2022November-57
2022December-52

Consumers less pessimistic about economic climate

Consumers are less pessimistic about the economy in December than they were in November. This component indicator stands at -65, up from -72 in November. Consumers are mainly less pessimistic about the economy in the next twelve months. Their opinions about the economy in the past twelve months are also less negative.

Willingness to buy less negative

Consumers’ willingness to buy stands at -43 in December, compared to -46 in November. Consumers are mainly less pessimistic about their financial situation in the next twelve months. As for their financial situation over the past twelve months, they are marginally less pessimistic. Consumers are also marginally less negative about making large purchases in December than they were in November.