Poland: Pessimism prevails among consumers in December
December 30, 2011
The consumer confidence index (WOK) published by IPSOS fell from 77.0 points in November to 76.0 points in December, which marked its lowest level since April 2009. According to IPSOS, poorer sentiment in December reflected consumers' more pessimistic assessment of the current economic situation, both on the national as well as the household level. December's deterioration in confidence was broad-based, with all components of the index falling over the previous month. Pessimism was highest regarding the economic climate while the perception of the current situation registered the largest drop over the previous month. Consumers' increasingly negative perception of their economic well-being does not bode well for private consumption growth going forward.