The consumer confidence index (WOK) published by IPSOS fell from 89.2 points in October to 88.2 in November. The result corroborates a relative stabilization in the sentiment gauge, which follows steep declines in the index during August and September. At the current level, the index remains below the 100-point threshold that separates optimistic from pessimistic sentiment. All but one component of the index deteriorated in comparison with the previous month. The willingness to buy sub-index inched up by 0.2 points, which contrasted a more pessimistic assessment for the general economy, as the economic climate sub-index dropped by 2.7 points. According to IPSOS, expected increases in the VAT and the government's plan to reduce a number of employees in public administration drove the overall index down. However, the recent release of better-than-expected GDP figures for the third quarter may boost confidence levels going forward.
Poland Consumer Confidence
Consumer confidence falls slightly in November
December 1, 2010
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Poland Economic News
October 25, 2016
The manufacturing sector business climate index decreased from 3.3 points in September to 1.0 point in October, according to the Central Statistical Office’s Business Tendency Survey (GUS-BTS).
October 25, 2016
In September, retail sales rose 4.8% over the same month last year, which was below August’s over two-year high of a 5.6% increase.
October 19, 2016
In September, industrial production expanded 3.2% over the same month last year, which was notably below the 7.5% expansion recorded in August.
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.