Poland: Consumer confidence edges down in June
July 1, 2013
The consumer confidence index published by IPSOS fell from 82.7 points in May to 81.6 points in June. Consequently, at its current level, the index remains considerably below the 100-point threshold that separates optimism from pessimism.
The fall in consumer sentiment was broad-based and mainly reflected a decrease in the economic climate index as well as in the current index.
Consumers' negative perception of their economic well-being does not bode well for growth in private consumption going forward. FocusEconomics Consensus Forecast panellists expect private consumption to grow a meagre 0.8% in 2013, which is unchanged from last month's estimate. For 2014, panellists see private consumption growth accelerating to 2.2%.