At -38, the consumer confidence indicator in October 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 monthly since April 1986.
|year||month||balance (average of the component questions)|
Consumers slightly less pessimistic about the economy
Consumers are somewhat less pessimistic about the economy in October than they were in September. This component indicator increased to -56, compared to -57 in September. Both consumers' opinions about the economic situation in the past twelve months and opinions about the economic situation in the next twelve months are slightly less negative.
Willingness to buy somewhat less negative
Consumers’ willingness to buy stands at -27 in October, up from -28 in September. Opinions about the financial situation in the past twelve months deteriorated slightly, while opinions about the financial situation in the next twelve months improved somewhat. Consumers are less negative about making large purchases in October than they were in September.
|Consumer confidence||Average component questions||-38||-39|
|Economic climate||Economic situation past 12 months||-74||-76|
|Economic climate||Economic situation next 12 months||-37||-39|
|Willingness to buy||Financial situation last 12 months||-30||-29|
|Willingness to buy||Financial situation next 12 months||-4||-5|
|Willingness to buy||Good time to buy consumer durables||-46||-49|