Kondycja gospodarstw domowych

Abstract

In the 1st quarter of 2018 economic sentiments of Polish households deteriorated. Despite the decrease, the sentiments remain strong, and continue to support the high growth rate of household consumption, which amounted to 4.9% in the 4th quarter of 2017. The IRG SGH consumer confidence indicator (IRGKGD) declined by 3.7 pts, due to worse assessments of expected general economic situation and unemployment in Poland, and of future financial situation of the households. On the other hand, the survey respondents reported an increased ability to save. Though the IRGKGD cyclical component line has broken down, it is hard to presume downward tendency has already begun, as the estimation method tends to generate an error at the end of a sample.(original abstract)