The index tracking consumer expectations also worsened in September, decreasing by 6.6 percentage points, whereas in annual comparison it was down by 18.6 points, the central bank, HNB, said in a monthly consumer confidence survey published last week.
In September, the consumer sentiment index worsened by 4.1 percentage points month-on-month and fell by 17 points year-on-year.
The three indices all remained in negative territory in September
At the same time, the consumers’ opinion about the development of the general economic situation in the country over the past 12 months fell by 8.5 percentage points compared to the consumer survey conducted in August and was down by 26 points year-on-year.
Regarding their expectations for the next 12 months, however, consumers were more pessimistic in September than they had been a month earlier, with the index losing 11.3 points. Compared to September 2019, the index was down by 26.3 percentage points.
Following are the values of the separate indices as presented in HNB's monthly consumer confidence survey:
Sept '20 | Aug '20 | Sept '19 | |
Consumer confidence | -18.5 | -14.5 | -4.1 |
Consumer expectations | -19.6 | -13.0 | -1.0 |
Consumer sentiment | -28.5 | -24.4 | -11.5 |
General economic situation in the past 12 months | -46.6 | -38.1 | -20.6 |
Expected economic situation in the next 12 months | -36.9 | -25.6 | -10.6 |