Kondycja gospodarstw domowych : III kwartał 2021 Badania Koniunktury Gospodarczej Instytutu Rozwoju Gospodarczego SGH

Abstract

Consumer confidence in the 3rd quarter of 2021 improved only slightly. The IRG SGH consumer confidence indicator (CSI) increased quarterly by 1.1 pts to -16.6 pts. It is, however, 9.3 up from the respective last year figure. Two of the four components of the indicator improved (consumers expect their financial situation and the situation on the labor market to improve), one (general economic situation in the country) worsened, while another one (consumers' future saving capacity) remained essentially unchanged (the respective survey balances changed by 4.6, 3.6, -3.5, and -0.2 pts). On the other hand, the consumers are more anxious about inflation (the balance increased by 6.6 pts) and persistently low interest rates (the survey balance representing consumers' current saving capacity decreased by 5.4 pts). On the whole, however, consumers' current macroeconomic outlook and their declarations on their own economic situation are rather good.(original abstract)