Consumers slightly less negative in October

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.

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.