Consumers are again slightly negative

The Consumer Confidence Index for June was -24, well below the long-term average of the past two decades (-10). The indicator reached an all-time high in January 2000 (36), and an all-time low in September and October 2022 (-59). CBS has monitored consumer confidence monthly based on consumer surveys since April 1986. Consumer confidence is assessed using 5 questions, taking the balance of positive and negative responses to each question. If all consumers are positive, the balance is 100. If all consumers are negative, the balance is -100.

Consumers more pessimistic about the economy

Consumers were more pessimistic about the economy in July than in June. This component of the indicator fell to -39 from -38 in June. Consumers’ assessment of economic conditions over the past 12 months and their assessment of the economic outlook for the next 12 months both deteriorated.

Purchase intention remains almost unchanged

As in June, the purchase intention index was -14. Consumers’ views on their personal financial situation over the past 12 months have changed little, while their assessment of the next 12 months has deteriorated. Consumers’ attitudes toward major purchases were also more negative in July than in June.