A reduction in the inclination to spend was indicated by the Consumer Confidence Index, which dropped from minus 22 in May to minus 23 in June. The Consumer Confidence Index’s headline value of minus 23 is much lower than its long-term average of minus 10 over the last 20 years.
In June, consumers’ views on the economy remained the same as in May, with the index remaining at -38. Consumer confidence fell to -14 in June from -12 in May. Consumers on both sides have seen the outlook for their own finances over the past twelve months and expectations for the next twelve months. In addition, the perception of large sales is worse in June than in May.
Consumers’ propensity to purchase decreased from minus 12 in May to minus 14 in June. Consumer expectations for the upcoming year as well as their assessments of their own financial status over the previous 12 months declined. Furthermore, compared to May, the perception of making big purchases got more negative in June.
