Africa-Press – Cape verde. Precisely 93.7% of Cape Verdeans believe that the current economic situation in the country does not allow them to save money. The data are contained in the Consumer Confidence indicator report for the second quarter of 2022, recently released by INE.
In the second quarter of this year 2022, the consumer confidence indicator maintained the downward trend of the last quarters, confirming the decrease in Cape Verdean families’ confidence. According to the National Statistics Institute (INE), this indicator evolved unfavorably compared to the same period last year.
The surveyed families considered that, in the last 12 months, both the economic situation of their home and the country’s economic situation evolved “negatively” compared to the same quarter of the previous year.
According to respondents, prices “increased”, while “unemployment decreased” compared to the same period in 2021.
Savings
With regard to savings, the majority, that is, 93.7% of respondents, considered that the current economic situation in the country does not allow saving money in the quarter under review.
In the same quarter of last year, this percentage was 83.8%, which represents an increase of 9.9 percentage points between the two periods.
It should be noted that 2.7% of respondents said it was possible to save “some money” given the country’s current economic situation, compared to 12.1% in the same quarter of the previous year, a decrease of 9.4 pp.
“Perspective” of the future
According to the respondents, for the next 12 months, both the financial situation of families and the country’s economic situation should “evolve negatively” compared to the same quarter of the previous year.
For the surveyed households, both unemployment and prices should “evolve negatively” compared to the same quarter of the previous year.
Asked about their intention to buy a car in the next 12 months, about 93 out of 100 respondents said they were “absolutely certain” that they did not intend to buy a car in the next two years.
With regard to the intention to buy or build a house in the next 2 years, only 11.6% of respondents said that probably “yes”, against 17.9% registered in the same period of the previous year, representing a decrease of 6.3 pp.
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