The consumer confidence index (WOK) published by IPSOS plunged from 87.2 points in December to 83.6 points in January. The steep decline, which followed relatively moderate falls in November and December, represented the largest drop in consumer sentiment since October 2010. As a consequence, the index fell further below the 100-point threshold that separates optimism from pessimism. According to IPSOS, expected cuts in government expenditure and announced changes in the pension scheme dragged consumer confidence down at the beginning of 2011. Additional data show that while consumers are less upbeat about the economic climate in January they show a higher willingness to buy. Furthermore, consumers are more pessimistic about both current and future expectations.
Poland Consumer Confidence
Consumer sentiment drops for a third consecutive month
January 28, 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).