Poland Consumer Confidence


Consumer confidence retreats in March

The consumer confidence index (WOK) published by IPSOS fell from 79.8 points in February to 75.2 points in March. As a result, the index remains considerably below the 100-point threshold that separates optimism from pessimism.

The deterioration was broad-based, with all components of the index decreasing over the previous month. The economic climate index fell the most, followed by a decrease in the willingness to buy index.

Consumers' negative perception of their economic well-being does not bode well for private consumption growth going forward. FocusEconomics Consensus Forecast panellists expect private consumption to grow 1.1% in 2013, which is down 0.2 percentage points from last month's estimate. For 2014, panellists see private consumption growth accelerating to 2.5%.


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Poland Consumer Confidence Chart

Poland Consumer Confidence March 2013

Note: Consumer confidence index (WOK). An index value above 100 indicates an optimistic outlook while a value below 100 indicates a pessimistic outlook.
Source: IPSOS.

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