In September 2022, consumer confidence indicator decreased by 5 pp

Statistics Lithuania reports that in September 2022, the consumer confidence indicator stood at minus 16 and, compared to August, decreased by 5 percentage points. The decrease in the consumer confidence indicator in September was determined by negative changes in all of its components. The last time the consumer confidence indicator was this low was in April 2020, when a quarantine was announced due to COVID-19.

In September, the population’s assessment of the changes in the household’s financial situation in the last 12 months was slightly worse than in August: 15 percent of the population indicated improvement, 42 percent – deterioration (in August, 14 and 37 percent respectively).