Consumers again less gloomy

© CBS / Nikki van Toorn
Consumers are less pessimistic in January 2023 than they were in the previous month. However, consumer confidence is still exceptionally low. In January 2023, it stands at -49, up from -52 in December 2022. Consumers are less pessimistic about the economic situation, and willingness to buy is also less negative.

At -49, the consumer confidence indicator in January 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)
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
2023January-49

Consumers less pessimistic about economic climate

Consumers are less pessimistic about the economy in January than they were in December. This component indicator stands at -62, up from -65 in December. Consumers are mainly less pessimistic about the economy in the next twelve months. Their opinions about the economy in the past twelve months are unchanged from December.

Willingness to buy less negative

Consumers’ willingness to buy stands at -41 in January, against -43 in December. 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 equally negative. Consumers are also marginally less negative about making large purchases in January than they were in December.