Poland: Consumer confidence retreats in July
July 26, 2012
The consumer confidence index (WOK) published by IPSOS fell from 87.5 points in June to 82.9 points in July, which represents the sharpest decline seen since November last year. 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 current 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.