Poland: Consumers more pessimistic in December
December 23, 2013
The Ipsos Consumer Confidence Index (CCI) fell to 81.8 points in December, which was down from the 17-month high of 84.9 points registered in November. The index now sits at the lowest point since September 2013 and remains well below the 100-point threshold that separates pessimism from optimism.
The decline in December was recorded across-the-board; all components of the index lost ground compared to November's print. The largest decline was registered in consumers' willingness to buy, which came in at the lowest reading since March 2013.
FocusEconomics Consensus Forecast panelists expect private consumption to grow a meager 0.5% in 2014, which is unchanged from last month's estimate. For 2015, panelists see growth in private consumption accelerating to 1.9%.
Author: Carl Kelly, Economist