Economic Barometer – Consumer Climate Index (CCI) – December 2014
Looking at the movement of the relevant index since European elections, consumer confidence appears to be stabilizing at just below 70 points during the last half of 2014.
Looking at the movement of the relevant index since European elections, consumer confidence appears to be stabilizing at just below 70 points during the last half of 2014.
Consumer sentiment has deteriorated significantly relative to October, with the Consumer Climate Index reverting to the levels of last July. The deterioration in consumer confidence can be seen in 4 of the 5 sub-indices that make up the index.
Consumer sentiment has reverted to the levels of June, registering a marked improvement relative to September. The Consumer Climate Index again surpassed the 70-point mark, after sliding during the previous three months. Although citizens’ assessments of current economic conditions deteriorated marginally, expectations for the financial situation of households stand at the highest levels of the “Memorandum period”.
Consumer sentiment has improved marginally relative to July. The Consumer Climate Index is showing signs of stabilization, following the recent European elections. Citizens’ assessments of current economic conditions show a slight improvement, while their expectations regarding the future are holding steady.
Consumer sentiment has declined sharply relative to June, with the relevant index falling significantly for the first time this year. Nevertheless, it has steadfastly remained above 60 points throughout the entire year. The deterioration in consumer sentiment is evident in the five sub-indices that make up the index. Indicative of the decrease in optimism among citizens, not only for the future of the economy but also their personal financial situation, is the striking decline in expectations regarding unemployment.
Consumer confidence remains, for the third straight month, at the highest levels of the “Memorandum period”. The relevant index remained virtually unchanged relative to May. Citizens’ assessments of current economic conditions again improved slightly, while in contrast, optimism about the future – with regard to both personal financial situation and the economy in general – declined marginally.
Consumer confidence remains, for the second straight month, at the highest levels of the four-year period 2010-2014. The relevant index fell marginally, relative to April, mainly due to the deterioration in propensity to buy.
Consumer sentiment in April reached its highest level of the “Memorandum period” after showing a rapid improvement relative to March. The relevant index climbed above 70 points, for the first time since August 2010.
Consumer sentiment in March climbed to its highest levels of the past 3½ years. Following a new marginal improvement, the relevant index appears to be stabilizing at nearly 65 points, for the first time since the signing of the Memorandum (5/2010).
Consumer sentiment remains for the second straight month at its highest levels since the summer of 2010. Significantly more positive expectations regarding personal financial situation and a fall in unemployment are the main reasons for the improved consumer climate since the beginning of the year.