Poland: Consumer sentiment declines for the first time in five months
August 31, 2011
The consumer confidence index (WOK) published by IPSOS edged down from 85.8 points in July to 85.0 points in August, falling for the first time since March. The decline drove sentiment further below the 100-point threshold that separates optimism from pessimism. Consumer sentiment remains subdued, as survey participants are concerned about a possible economic slowdown in the second half of the year. In addition, households are worried about their financial situation. According to IPSOS, three out of four components of the consumer confidence index deteriorated with respect to the previous month. Most notably, the current index registered the largest decline by falling 2.2 points.