20-08-14 11:35 pm – Source: Reuters
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The mood among consumers has deteriorated in August, the first decline in more than a year. This was reported by the Central Bureau of Statistics (CBS) Wednesday. This is mainly due to the uncertainty about developments in Russia, Ukraine and the Middle East
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The indicator of the CBS decreased by 4 points and stood at -6. That means there are 6 percent more pessimists than optimists. Consumers are a lot less positive about future economic developments. This is according to the statistics office possible with tense international political situation. According to CBS economist Peter Hein van Mulligen consumer confidence fell for the last time in July last year.
Consumer confidence is with -6 still above the average of the past 20 years (-8). Confidence in April 2000 reached the highest level ever (27). The low point was reached in February 2013 (-44).
Developments in Russia
for six months in a row Consumers were optimistic about the economic situation in general. But in August got this confidence be dented. The sub-indicator ‘economic climate’ deteriorated 8 points and stood at 3 ‘This is mainly due to the uncertainty about developments in Russia, Ukraine and the Middle East, “says Van Mulligen.
Consumers are particularly concerned about future economic developments and their own financial situation. Thus, also the willingness to buy deteriorated slightly. This indicator fell 2 points and stood at -12. Consumers still find time unfavorable for major purchases such as washing machines and televisions.
Despite the decline in confidence is the fear of unemployment this month, according to the CBS has diminished.
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