Consumers again less negative

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Consumers are again less pessimistic in February than they were in the previous month. However, consumer confidence is still exceptionally low. In February, it stands at -44, up from -49 in January. Consumers are less pessimistic about the economic situation, and willingness to buy is also less negative.

At -44, the consumer confidence indicator in February 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.

Consumers less gloomy about economic climate

Consumers are less pessimistic about the economy in February than they were in January. This component indicator stands at -54, up from -62 in January. Consumers are mainly less pessimistic about the economy in the next twelve months. Their opinions about the economy over the past twelve months are slightly less negative than in January.

Willingness to buy less negative

Consumers’ willingness to buy stands at -37 in February, up from -41 in January. 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 also less pessimistic. Consumers are also less negative about making large purchases in February than they were in January.

Sources

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