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.
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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.