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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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August 2022 | CCI: The upward trend continues

23 September 2022

CCI continues to grow. By the end of the summer, a further, rather moderate increase of the CCI can be observed – from -25.5 in July to -23.9 in August (1.6 index points). There was an increase in both sub-indices – the Expectations Index and the Present Situation Index – of 0.4 and 2.9 points, respectively.

July 2022 | CCI: Expectations on the rise

14 September 2022

A slight increase in CCI: consumer confidence increased from -30.4 in June to -25.5 in July. This 4.5 index point increase was mostly driven by a jump in expectations – the Present Situation Index increased by 1.1 index points

June 2022 | CCI: The positive trend continues

05 August 2022

A slight increase in CCI: Consumer confidence has increased by 0.7 index points – from -31.1 in May to -30.4 in June. The Present Situation Index remained at a similar level with an increase of just 0.2 points

May 2022 | CCI: Slight rebound

23 June 2022

Rise in CCI: Consumer confidence increased by 3.3 index points from -34.4 in April to -31.1 in May. Both the Present Situation Index and the Expectations Index contributed to the increase, with the Present Situation Index increasing by 4.4 index points and the Expectations Index by 2.2 points.

April 2022 | CCI: Trend reversal

24 May 2022

CCI decreases again. After the CCI’s quick comeback in March, the index failed to continue the upward trend and fell again after February’s shock; the index decreased by 2.9 index points – from -31.5 in March to -34.4 in April. Both the Present Situation Index and the Expectations Index contributed to the decrease, with the Present Situation Index dropping by 2.9 index points

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