Consumer Financial Situation

In the first quarter of 2017, 8.0 percent of consumers responded their financial situation improved within a year, while 34.0 percent responded their financial situation deteriorated. Moreover, the proportion of respondents reported improvement has increased slightly, while proportion reported deterioration has decreased slightly compared to the same period of previous year.

Figure 1: Consumer Financial Situation

15.3 percent of consumers found it the right time to purchase durable goods, whereas 53.7 percent of consumers found the time wrong. A share of respondents finding it the right time to purchase durable goods has increased by 1.5 percentage points, whereas the share respondents finding it the wrong time has decreased by 15.1 percentage points.

Figure 2: Durable Purchase