The consumer confidence index (WOK) published by IPSOS edged down from 85.8 points in July to 85.0 points in August, falling for the first time since March. The decline drove sentiment further below the 100-point threshold that separates optimism from pessimism. Consumer sentiment remains subdued, as survey participants are concerned about a possible economic slowdown in the second half of the year. In addition, households are worried about their financial situation. According to IPSOS, three out of four components of the consumer confidence index deteriorated with respect to the previous month. Most notably, the current index registered the largest decline by falling 2.2 points.
Poland Consumer Confidence
Consumer sentiment declines for the first time in five months
August 31, 2011
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Poland Economic News
October 12, 2016
According to the Central Statistical Office (GUS), consumer prices recorded flat growth over the previous month in September, which followed the 0.2% decrease recorded in August.
October 5, 2016
As anticipated by market analysts, the National Bank of Poland (NBP) decided to keep the reference rate at the record low of 1.50% at its 4–5 October monetary policy meeting.
October 3, 2016
The Manufacturing Purchasing Managers’ Index (PMI) rose from August’s 51.5 to a six-month high of 52.2 in September, according to IHS Markit.
September 30, 2016
According to a preliminary estimate released by the Central Statistical Office (GUS) on 30 September, consumer prices recorded flat growth over the previous month in September, which followed the 0.2% fall recorded in August. In annual terms, consumer prices dropped 0.5% in September, which was a less pronounced decline than the 0.8% fall recorded in August.
September 30, 2016
The manufacturing sector business climate index decreased from 4.8 points in August to 3.3 points in September, according to the Central Statistical Office’s Business Tendency Survey (GUS-BTS).