Poland: Consumer confidence declines in February
February 29, 2012
The consumer confidence index (WOK) published by IPSOS fell from 77.2 points in January to 73.3 points in February, the lowest level in almost three years. As a result, the index continued to remain considerably below the 100-point threshold that separates optimism from pessimism. February's deterioration in confidence was broad-based, with all components of the index decreasing over the previous month. Consumers' expectations of their financial situation deteriorated the most, followed by a decline in the current situation index and in the willingness to buy index. Consumers' negative perception of their economic well-being does not bode well for private consumption growth going forward.