Examining the Dynamics Between Gross Domestic Product Fluctuations and Consumer Sentiment Shifts

Abstract

This work presents how changes in the economic climate have affected consumer sentiment. Changes in the volume of GDP, industrial production, total consumption, consumption in the household sector and capital accumulation between 2018 and 2022 were analysed on a quarterly basis. The values of the main indicators reflecting consumer sentiment are also presented: the current consumer confidence index and the leading consumer confidence index. The consumer confidence indicators are also presented at the end of the individual quarters from 2018 to 2022. The results show that consumers observe the changing economic reality and do not always assess these changes positively, even if the effect of these changes indicate an increase in GDP.