Consumer confidence improved slightly at the monthly level
The consumer confidence indicator improved over the previous month by 2 percentage points (p.p.) and remained above the long-term average by 6 p.p.
Three components of the confidence indicator improved at the monthly level: the household financial expectations by 2 p.p., expectations about the country’s economy by 5 p.p., and expectations about the level of unemployed by 2 p.p. Savings expectations decreased by 2 p.p.
Consumer confidence declined at the annual level
The consumer confidence indicator was 10 p.p. lower than in January 2019 and 4 p.p. lower than last year’s average.
This decrease was influenced mostly by the expectations about the number of unemployed and about the country’s economy, which worsened by 20 p.p. and 14 p.p., respectively. Expectations about households’ finances decreased by 4 p.p. and savings expectations by 1 p.p.Consumers’ intentions about larger investments
Consumers’ expectations about home purchase increased compared to the previous quarter by 4 p.p. Also the expectations about car purchase increased (by 2 p.p.), but were 3 p.p. lower than at the beginning of 2019, when they were the highest in the last 15 years.