Highest savings propensity since 2015

Today, we will be discussing the region's willingness to save. The Economic Sentiment Indicator survey asks consumers how they see their savings in the next 12 months. Based on the answers received, we can conclude that the willingness to save in the region remains at its highest level since 2015. The accumulation of savings during the pandemic was used to buffer the impact of inflation shocks on households' budgets. Since then, the accumulation of savings is taking place again. With inflation falling and wages growing dynamically, disposable income has increased, resulting in solid private consumption growth. However, not all income is spent, and the rebuilding of savings seems to be taking place.