Poland: Consumer sentiment rises for a third consecutive month in June
June 30, 2011
The consumer confidence index (WOK) published by IPSOS increased from 83.5 points in May to 84.8 points in June, representing the third straight month of declining pessimism among consumers. The monthly 1.3 point jump drove the index closer to the 100-point threshold that separates optimism from pessimism. That said, consumer sentiment remains subdued as elevated levels of unemployment, the negative financial situation of households as well as higher costs of living weigh on consumers' overall negative mood. According to IPSOS, all components of the consumer confidence index improved with respect to the previous month. Most notably, the expectations index registered the largest increase by rising 2.8 points.