Africa-Press – Cape verde. In the first quarter of 2024, the consumer confidence indicator registered an upward trend in relation to the last quarter of 2023. The results released today by the INE indicate a positive evolution compared to the same period in 2023, mainly reflecting the favorable assessment of families about their financial situation in the last 12 months and the country’s economic situation compared to the same quarter of the previous year.
According to a statement from the National Statistics Institute (INE), in the 1st quarter of 2024, the consumer confidence indicator had an upward trend in the last quarter, highlighting a slight confidence in Cape Verdean families.
The results for the 1st quarter of 2024 demonstrate that the consumer confidence indicator registered the upward trend of the last quarter, remaining above the series average, highlighting a slight confidence in Cape Verdean families.
INE reported that compared to the same period last year, the indicator had a positive evolution, a result that is basically justified by the positive assessment of families about their financial situation in the last 12 months, and the evolution of the country’s economic situation in the last 12 months compared to the same quarter of the previous year.
According to the Present and Past Situation indicator, for the families surveyed, in the last 12 months, both the economic situation of their home and the economic situation of the country evolved positively compared to the same quarter of the previous year. In the opinion of respondents, in the last 12 months, both prices and unemployment have increased, compared to the same period in 2023.
In relation to the Savings indicator, the results showed that the majority, 88.1%, of those surveyed in the first quarter of 2024 considered that the country’s current economic situation still does not allow for saving money. In the same quarter of the previous year, this percentage was 90.1%, which represents a decrease of 2 percentage points between the two periods.
According to INE, it should be noted that 9.3% of respondents said it was possible to save some money with the country’s current economic situation, whereas in the same quarter last year it was 7.7%, showing an increase of 1.6 pp
In relation to the Future Situation Perspective indicator, according to respondents, for the next 12 months, both the financial situation of families and the economic situation of the country should evolve positively, compared to the same quarter of the previous year. For the families surveyed, both the prices of goods and services and unemployment are expected to evolve negatively compared to the same quarter of the previous year.
When asked about their Intention to Buy a Car in the Next 2 years, around 94.3 out of 100 respondents stated that they were absolutely sure that they did not intend to buy a car in the next two years.
Regarding the indicator of Intention to Buy or Build a house in the next 2 years, in the 1st quarter of 2024, 6.3% of respondents stated that “probably yes”, they will build or buy a house, compared to 20.8% in the same period last year. , representing a decrease of 14.5 pp
A consumer survey is an effective tool for analyzing and interpreting the evolution of economic activity in the short term. The questions are of a qualitative nature and reflect families’ opinions on the economic and financial situation of the country, as well as their own economic and financial situation, also evaluating the savings intention of said families. Top of the form
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