Kondycja gospodarstw domowych

Abstract

In the 4th quarter of 2016 sentiments of Polish households improved, after two quarters of deterioration. The IRG SGH consumer confidence indicator (IRGKGD) increased by 3.0 pts. The rise was mainly due to diminishing apprehension of getting unemployed as the recent performance of the labor market is extremely good. The unemployment rate (calculated in accordance with the Eurostat methodology) dropped below 6 %, and is the lowest in the last 20 years. Improvement was also noticed in the households' assessments of the economy performance and in their ability to save. On the other hand, the assessments of households' future financial situation deteriorated. (original abstract)