The consumer confidence indicator fell in October due to more pessimistic expectations about the country’s economy and the number of unemployed, which worsened by 6 pps and 4 pps, respectively.
Consumers’ expectations about savings and households’ finances were more optimistic, up by 3 pps and 1 pp, respectively.
On an annual basis, the value of the consumer confidence indicator was 6 pps lower in October. Consumer sentiment also declined annually, mainly due to more pessimistic expectations about the number of unemployed and the country’s economy (16 pps and 9 pps down, respectively).
In the meantime, expectations about household finances declined slightly (by 1 pp), while expectations about savings improved by 3 pps, SURS said.
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