Poland: Consumer confidence rebounds in March
March 30, 2012
The consumer confidence index (WOK) published by IPSOS rose from 73.3 points in February to 77.4 points in March, the highest level in five months. Nevertheless, the index still remains considerably below the 100-point threshold that separates optimism from pessimism. March's improvement in confidence was broad-based, with all components of the index increasing over the previous month. The economic climate index improved the most, followed by a rise in the current situation index and the expectations index. Consumers' negative perception of their economic well-being does not bode well for private consumption growth going forward.