Kondycja gospodarstw domowych : IV kwartał 2020 Badania Koniunktury Gospodarczej Instytutu Rozwoju Gospodarczego SGH

Abstract

Consumer confidence in the 4th quarter (the survey was conducted between October 16 and November 5 diminished again after a rebound in the previous quarter. The IRG SGH consumer confidence indicator (IRGKGD) declined quarterly by 11.8 pts to -37.7 pts. All components of the indicator decreased. The plunge of consumer confidence was a result of the second wave of the pandemic and the following partial lockdown of the economy, particularly of the service sector. The slump was milder than the one recorded in spring, but low consumer confidence persists. The fall of IRGKGD was mainly caused by poor assessments of general economic situation in the country and rising concerns over higher unemployment.(original abstract)