Poland: Consumer confidence falls to the lowest level in seven months
October 1, 2012
The consumer confidence index (WOK) published by IPSOS fell from 79.5 points in August to 74.5 points in September, which represents the lowest level in seven months. 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 expectations index deteriorated the most, followed by a decline in the economic climate index. Consumers' negative perception of their economic well-being does not bode well for private consumption growth going forward.