Poland: Consumer confidence continues to slide in August
August 22, 2012
The consumer confidence index (WOK) published by IPSOS fell from 82.9 points in July to 79.5 points in August, which represents the lowest level in three months. As a result, the index fell further below the 100-point threshold that separates optimism from pessimism. The deterioration was broad-based, with all components of the index decreasing over the previous month. The economic climate index deteriorated the most, followed by a decline in the expectations index. Consumers negative perception of their economic well-being does not bode well for private consumption growth going forward.