The consumer confidence index (WOK) published by IPSOS fell from 74.5 points in September to 72.1 points in October, which represents the lowest level since March 2009. As a result, the index fell further 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 willingness to buy index deteriorated the most, followed by a decline in the current index, which measures consumers' perceptions of their current financial situation as well as the state of the Polish economy. Consumers' negative perception of their economic well-being does not bode well for private consumption growth going forward.
Poland Consumer Confidence
Consumer confidence slides to an over three-year low in October
October 31, 2012
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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).