Consumer sentiment lower at the monthly level
The consumer confidence indicator decreased over the previous month by 2 percentage points (p.p.). After two consecutive increases it therefore turned down again, but remained above the long-term average by 3 p.p.
Among the components of the confidence indicator, three of them deteriorated at the monthly level: the savings expectations which decreased by 1 p.p., expectations about the country’s economy by 5 p.p., and expectations about the level of the unemployed by 2 p.p. The household financial expectations remained at the same level.Consumer confidence declined at the annual level
The consumer confidence indicator was 9 p.p. lower than in February 2019 and 7 p.p. lower than last year’s average.
The decrease on annual level was influenced mostly by the expectations about both the country’s economy and the number of the unemployed which worsened by 15 p.p. and 14 p.p., respectively. There was a big decrease also in savings expectations (by 7 p.p.). Expectations about the households’ finances decreased by 3 p.p.