Household Savings Rate Sentiment

Household spending has shown no signs of improvement since January, with an overall consumption decline of 1.6%.

This stagnation is particularly evident in supermarkets and local businesses, which reported a 2.7% decrease in spending. Comparatively, this marks a significant shift from the same period in 2024, where spending had plummeted by nearly 10 percentage points. The adjusted sentiment score currently stands at 67, reflecting a neutral outlook despite the extreme fear indicated by a coverage score of 4.

This persistent weakness in consumer spending, coupled with a recent rate of change in spending of -0.0118, suggests that consumers remain cautious in their purchasing behavior, likely influenced by broader economic uncertainties.