Consumer Confidence Index
The ISET Consumer Confidence Survey follows the standard EU methodology: we randomly sample 300-350 individuals on a monthly basis and question them about the past, current, and future financial situation of their families and the country as a whole. Consumer confidence is the degree of optimism tha
t consumers feel about the overall state of the economy and their personal financial situation. How confident people feel about the stability of their incomes determines their spending activity and therefore serves as one of the key indicators for the overall shape of the economy. In essence, if consumer confidence is higher, consumers are making more purchases, boosting the economic expansion. On the other hand, if confidence is lower, consumers tend to save more than they spend, prompting the contraction of the economy. A month-to-month diminishing trend in consumer confidence suggests that in the current state of the economy most consumers have a negative outlook on their ability to find and retain good jobs.
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March 2021 | CCI: Recent cautious optimism fades away
04 April 2021

The CCI deteriorated in March. We had hoped that the recovery of the Consumer Confidence Index, observed since December 2020, would bring the Index back to the levels observed last summer. Unfortunately, the trend reversed in March and the CCI decreased, from -35.5 in February to -39.0 in March.

February 2021 | CCI: Is it catching up (finally)?
07 March 2021

Amid softened restrictions consumer confidence is increasing. The Index is up by 2.8 index points and the pattern is similar for both sub-indices: the Present Situation Index went up by 3.9 (from -43.1 to -39.2) and the Expectations Index is up by 1.7 (from -33.4 to -31.7) as can be seen on Chart 1.

December 2020 | CCI: The COVID pandemic dampens New Year celebrations
01 February 2021

Confidence is retreating after a recovery that lasted about 6 months. Last month, in spite of a slight decline of the CCI, we could hold on to the belief that we had reached a plateau in the recovery from the low numbers observed last April.

November 2020 | CCI: Consumer confidence deteriorates slightly amid further coronavirus restrictions
24 November 2020

The recovery of the Consumer Confidence Index, observed from May to July, has been losing steam in September and the November survey confirms that consumer confidence is struggling to go back to prior pandemic levels.

October 2020 | CCI: A welcome (but small) rebound
23 November 2020

The CCI has been picking up slightly in October, suggesting that the trend observed since May could be resuming after the dip of last month. It is a bit too early to draw a firm conclusion though, as the CCI remains below the values observed four years ago.