The consumer confidence index (WOK) published by IPSOS dived from 88.2 points in October to 77.0 points in November, which represented the largest drop since February 2009 and marked the lowest level since March this year. According to IPSOS, a substantially lower sentiment in November reflected the respondents' preoccupation with a prospective economic slowdown in the Eurozone and its effect on the Polish economy. The deterioration in confidence was broad-based, with all components of the index deteriorating over the previous month. In particular, the economic climate index plunged 17.0 points, followed by the expectations index, which dropped 14.7 points.
Poland Consumer Confidence
Consumer sentiment records largest drop in almost three years
December 2, 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).