Poland: Consumer confidence decreases in September
October 2, 2013
The Ipsos Consumer Confidence Index (CCI) fell to 81.2 points in September, down from 83.8 points in August, which had marked the highest point in more than a year. The index remains below the 100-point threshold that separates optimism from pessimism.
All four components of the index deteriorated in September, with the largest fall in consumers' views regarding the state of the Polish economy. Lower expectations for the economy and willingness to buy do not bode well for private consumption going forward.
FocusEconomics Consensus Forecast panelists expect private consumption to grow a meager 0.5% in 2013, which is up 0.1 percentage points from last month's estimate. For 2014, panelists see private consumption growth accelerating to 1.9%, which is unchanged from last month's projection.
Author: Carl Kelly, Economist