Poland: Consumer confidence rebounds in April
April 25, 2013
The consumer confidence index (WOK) published by IPSOS rose from 75.2 points in March to 77.4 points in April. Nevertheless, the index remains considerably below the 100-point threshold that separates optimism from pessimism.
The improvement mainly reflected an increase in the willingness to buy index, the current index and the expectations index. On the other hand, the economic climate index deteriorated for the second straight month.
Consumers' negative perception of their economic well-being does not bode well for private consumption growth going forward. FocusEconomics Consensus Forecast panellists expect private consumption to grow a meagre 0.8% in 2013, which is down 0.2 percentage points from last month's estimate. For 2014, panellists see private consumption growth accelerating to 2.5%.