At -39, the consumer confidence indicator in June is positioned well below its long-term average over the past two decades (-10). 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 marginally more negative about economic climate
Consumers are marginally more pessimistic about the economy in June than they were in May. This component indicator decreased to -54, compared to -53 in May. Consumers’ opinions about the economy in the next twelve months are more negative, while their opinions about the economy in the past twelve months are fractionally less negative.
Willingness to buy more negative
Consumers’ willingness to buy stands at -29 in June, down from -28 in May. Consumers are more negative about both their financial situation in the next twelve months and their financial situation over the past twelve months. Consumers are also more negative about making large purchases in June than they were in May.