Poland: Consumer confidence falls to the lowest level in almost four years
December 21, 2012
The consumer confidence index (WOK) published by IPSOS fell from 78.2 points in November to 72.0 points in December, the lowest level seen in almost four years. Thus, the index remains considerably 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 economic climate index deteriorated the most, followed by a decline in the expectations index.
Consumers' negative perception of their economic well-being does not bode well for private consumption growth going forward.