Their purchasing intentions have increased since the start of the year, and their assessment of their financial situation is just as good as it was before the crisis. That can also be attributed to the savings that many people accumulated during the lockdowns, through being forced to forgo consumption and through government support measures.
7/9  BIS central bankers' speeches  According to ECB estimates, households in the euro area have amassed more than € billon in extra savings, over and above the normal saving rate. This represents just over 7% of annual disposable income – an enormous sum. That is certainly good news for firms and the economy.