Consumer Confidence – Muhasebe News

In March, consumer confidence in Belgium decreased slightly

MuhasebeNews — Thu, 30 Mar 2023 07:56:06 +0000

Consumer confidence dips slightly in March

After four consecutive months of improvement, household confidence faltered somewhat in March, settling at a level slightly below its long-term average.

Households have revised downwards their expectations of the general economic situation over the next twelve months and expressed growing fears of a rise in unemployment.

On the personal level, households have stepped up their saving intentions, while expectations of their own financial situation remain basically the same.

Source: National Bank of Belgium
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The value of the consumer confidence indicator in Slovenia slightly higher at the monthly and at the annual level

MuhasebeNews — Fri, 24 Mar 2023 07:42:17 +0000

The consumer confidence indicator in Slovenia improved over February by 1 percentage point (p.p.), but remained 11 p.p. below the long-term average.

The monthly increase in the confidence indicator resulted from more optimistic consumer expectations about the country’s economy (by 4 p.p.), households’ finances (by 2 p.p.), and opinions on current households’ finances (by 1 p.p.). Only expectations about major purchases were more pessimistic (by 3 p.p.).

Slight improvement also at the annual level

The value of the consumer confidence indicator was 1 p.p. higher than in March 2022.

Among its components, consumers’ expectations about the country’s economy and about households’ finances increased (by 14 and 8 p.p., respectively). On the other hand, the indicators current households’ finances and expectations for major purchases deteriorated (by 11 and 8 p.p., respectively).

In the last year, the value of the indicator of price trend over the next 12 months has been gradually decreasing and is lower by 39 percentage points compared to the value in previous March. This suggests that the number of consumers expecting a higher rate of inflation is decreasing. The majority of other indicators worsened at the annual level.

Source: Statistical Office of the Republic of Slovenia
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Consumer sentiment in Denmark reaches a 10-month high

MuhasebeNews — Thu, 23 Mar 2023 08:05:41 +0000

Danish consumer confidence rose from -25.1 in February 2023 to -23.1 in March 2023. The household assessments of their families’ financial circumstances over the next year moved into positive territory (0.4 vs -0.3 in February), despite the fact that their views compared to a year ago remained weak, making this the highest reading since last May. (-31.2 vs -27.0). Meanwhile, consumers’ perceptions of the nation’s economic condition improved from the year prior (-44.5 vs. -49.8), while those for the following 12 months were significantly less depressing. (-0.7 vs -6.4). Additionally, current saving intentions marginally rose (64.4 vs. 64.3) while falling over the following 12 months. (22.0 vs 23.8). At the same time, consumers projected unemployment to decline in a year (18.6 vs 28.4). Meanwhile, assessment over prices compared to a year ago declined (61.0 vs 63.1) while expectations for price development in the coming year were slightly more negative (-8.5 vs -8).

Source: Trading Economics
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For the first time in four months, consumer confidence dropped in the US

MuhasebeNews — Wed, 22 Mar 2023 07:58:19 +0000

Consumer sentiment in the US fell for the first time in four months, sitting about 5% below February but remaining 7% above a year ago. This month’s decrease was already fully realized prior to the failure of Silicon Valley Bank, at which time about 85% of our interviews for this preliminary release had been completed. Sentiment declines were concentrated among lower-income, less-educated, and younger consumers, as well as consumers with the top tercile of stock holdings. Overall, all components of the index worsened relatively evenly, primarily on the basis of persistently high prices, creating downward momentum for sentiment leading into the financial turmoil that began last week.

Year-ahead inflation expectations receded from 4.1% in February to 3.8%, the lowest reading since April 2021, but remain well above the 2.3-3.0% range seen in the two years prior to the pandemic. Long-run inflation expectations edged down to 2.8%, falling below the narrow 2.9-3.1% range for only the second time in the last 20 months. Long-run inflation expectations remain elevated relative to the 2.2-2.6% range seen in the two years pre-pandemic. With ongoing turbulence in the financial sector and uncertainty over the Fed’s possible policy response, inflation expectations are likely to be volatile in the months ahead.

Source: University of Michigan release
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Consumer confidence in South Korea declines in February

MuhasebeNews — Tue, 21 Feb 2023 13:08:58 +0000

As the Bank of Korea gears up to conduct its most recent rate-setting session later this week, survey data reveals that consumer sentiment in South Korea declined in February as households’ expectations for future living standards and earnings declined.

Results from a survey conducted by the Bank of Korea revealed that the consumer confidence index fell from 90.7 in January to 90.2 now. The measurement in December was 90.2.

The measure for the view on prospective income eased to 95 from 96, and the sub-index for households’ estimate of future living standards fell to 83 from 85.

Consumers anticipate an increase in household spending in the future, and the pertinent indicator increased from 110 to 112 as a result.

Households’ expectations for the domestic economic conditions in future were unchanged and the corresponding index was steady at 60.

Source: RTT News
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Consumer Confidence Index in Türkiye increased by 4.6% in January compared to the previous month; realized as 79.1

MuhasebeNews — Tue, 24 Jan 2023 06:51:29 +0000

January 24, 2023

Consumer Confidence Index in Türkiye, January 2023

Consumer confidence index realized as 79.1

Consumer confidence index calculated from the results of the consumer tendency survey carried out in cooperation with the Turkish Statistical Institute and Central Bank of the Republic of Türkiye increased by 4.6% in January compared to the previous month. The index became 79.1 in January while it was 75.6 in December.

Consumer confidence index, January 2023

Consumer confidence index, sub-indices and rate of changes, January 2023

The next release on this subject will be on February 20, 2023.

EXPLANATIONS

In monthly consumer tendency survey, consumers’ assessments and expectations on financial standing and general economic situation, also their expenditure and saving tendencies are measured.

The consumer confidence index calculated from the survey results is evaluated within the range of 0-200. It indicates an optimistic outlook when the index is above 100, but it indicates a pessimistic outlook when it is below 100.

The increase in probability of borrowing money index, which is the one of the indices concerning consumer tendency indicates an optimistic outlook while decrease in index indicates a pessimistic outlook. Similarly, increase in assessment and expectation in consumer prices change rate indices indicate a decrease in assessment/ expectation in consumer prices and vice versa. The increase in number of people unemployed expectation index indicates decrease of number of people unemployed expectation, whereas decrease indicates increase of number of people unemployed expectation.

No seasonal effect has been determined in the sub-indices used in the calculation of the consumer confidence index since January 2023. Detailed information on this subject is submitted in the metadata section.

Source: TurkStat
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

Consumer Confidence Index, October 2022

MuhasebeNews — Fri, 21 Oct 2022 12:17:07 +0000

Consumer confidence index realized as 76.2

Seasonally adjusted consumer confidence index calculated from the results of the consumer tendency survey carried out in cooperation with the Turkish Statistical Institute and Central Bank of the Republic of Türkiye increased by 5.3% in October compared to the previous month. The index became 76.2 in October while it was 72.4 in September.

Seasonally adjusted consumer confidence index, October 2022

Seasonally adjusted consumer confidence index, sub-indices and rate of changes, October 2022

The next release on this subject will be on November 22, 2022.

EXPLANATIONS
In monthly consumer tendency survey, consumers’ assessments and expectations on financial standing and general economic situation, also their expenditure and saving tendencies are measured.

Source: TÜİK Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

Consumer Confidence Index of Turkey, April 2017

MuhasebeNews — Thu, 20 Apr 2017 09:15:28 +0000

Consumer confidence index realized as 71.3
The consumer confidence index calculated from the results of the consumer tendency survey carried out in cooperation with the Turkish Statistical Institute and Central Bank of the Republic of Turkey increased by 5.1% compared to the previous month. The index became 71.3 in April while it was 67.8 in March 2017.

Consumer confidence index, April 2017

Financial situation expectation index realized as 90.7
The financial situation expectation of household index increased by 3.4% compared to the previous month and became 90.7 in April. This increase resulted from the increase in the ratio of people expecting better financial situation of household in the next 12 months period.

General economic situation expectation index became 96.2
The general economic situation expectation index which was 93.2 in March increased by 3.3% and became 96.2 in April. This increase shows that number of consumers expecting a better general economic situation in the next 12 months increased compared to the previous month.

Number of people unemployed expectation index became 73.1
The number of people unemployed expectation index increased by 3.7% compared to the previous month and became 73.1 in April. This increase stemmed from the increase in the ratio of people expecting a decrease in the number of unemployed persons in the next 12 months.

Probability of saving index realized as 25.1
The probability of saving index increased by 26.3% from 19.9 in March to 25.1 in April. This increase shows that the possibility of saving of consumers in the next 12 months period increased compared to the previous month.

Consumer confidence index, sub-indices and rate of changes, April 2017

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

Economic Confidence Index in Turkey, February 2017

MuhasebeNews — Thu, 30 Mar 2017 06:50:12 +0000

Economic confidence index realized as 91.5
Economic confidence index increased by 6.8% compared to previous month increasing from 85.7 to 91.5 in February. This increase in economic confidence index stemmed from the increases in services, real sector, and construction and retail trade confidence indices.

Services confidence index increased to 92.9, real sector confidence index increased to 106.5, construction confidence index increased to 76.4 and retail trade confidence index increased to 97.9 in February. Consumer confidence index decreased to 65.7 in February.

Economic confidence index, February 2017
Economic confidence index, sectorial indices and the rate of changes,
February 2017

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

Consumer Confidence Index in Turkey, March 2017

MuhasebeNews — Thu, 23 Mar 2017 10:02:44 +0000

Consumer confidence index realized as 67.8
The consumer confidence index calculated from the results of the consumer tendency survey carried out in cooperation with the Turkish Statistical Institute and Central Bank of the Republic of Turkey increased by 3.2% compared to the previous month. The index became 67.8 in March while it was 65.7 in February.

Consumer confidence index, March 2017

Financial situation expectation index realized 87.8
The financial situation expectation of household index increased by 2.1% compared to the previous month and became 87.8 in March. This increase resulted from the increase in the ratio of people expecting better financial situation of household in the next 12 months period.

General economic situation expectation index became 93.2
The general economic situation expectation index which was 88 in February increased by 5.8% and became 93.2 in March. This increase shows that number of consumers expecting a better general economic situation in the next 12 months increased compared to the previous month.

Number of people unemployed expectation index became 70.4
The number of people unemployed expectation index increased by 3.7% compared to the previous month and became 70.4 in March. This increase stemmed from the increase in the ratio of people expecting a decrease in the number of unemployed persons in the next 12 months.

Probability of saving index realized as 19.9
The probability of saving index decreased by 5.6% from 21 in February to 19.9 in March. This decrease shows that the possibility of saving of consumers in the next 12 months period decreased compared to the previous month.

Consumer confidence index, sub-indices and rate of changes, March 2017