Consumer tendency - August 2024
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In August 2024, there was deterioration in the current consumer moods with a simultaneous improvement in future consumer moods compared to the previous month. The current consumer confidence indicator, synthetically describing the current trends in individual consumption, was -15.9[1] which was by 1.9 p.p. lower in relation to last month.
Among the components of the indicator, the evaluations of the current possibility of making important purchases and current financial situation of the household deteriorated the most (decreases by 5.5 percentage points and 4.4 percentage points, respectively). A lower values were also recorded for the evaluations of the current economic situation of the country and future economic situation of the country (decreases by 1.5 percentage points and 0.3 percentage points, respectively). Higher value than a month before was recorded only for the evaluation of the future financial situation of the household (increase by 2.2 percentage points).
Referring to August 2023, the current value of current consumer confidence indicator is higher by 6.4 percentage points.[1] Both consumer confidence indicators receive values between -100 and +100. A positive value means dominance of consumers with optimistic attitude over consumers with pessimistic attitude, while negative value means dominance of consumers with pessimistic attitude over consumers with optimistic attitude. In the period of 04-15.08.2024, 1296 interviews were conducted.
