Poland: Consumer sentiment rebounds in April
April 29, 2011
The consumer confidence index (WOK) published by IPSOS increased from 76.2 points in March to 79.1 points in April, after falling by 10.5 points in March, the sharpest decline in almost two years. The monthly improvement pushed the index slightly closer to the 100-point threshold that separates optimism from pessimism. Nevertheless, the downward trend in the consumer confidence is likely to continue in the coming months. According to IPSOS, all the components of the consumer confidence index improved over the previous month. Most notably, both the economic climate and the future expectations indices registered the largest increase, rising 4.0 points in April. Furthermore, consumers' willingness to buy improved in April due to a better assessment of households' financial situation.