Poland: Consumer confidence falls in December
December 27, 2010
The consumer confidence index (WOK) published by IPSOS fell from 88.2 points in November to 87.2 in December. The moderate decline follows on steep drops in August and September, which shaved off almost 10 points from the consumer confidence index. With the December drop, the index fell further below the 100-point threshold that separates optimistic from pessimistic sentiment. According to IPSOS, expected cuts in government expenditure and increasing public debt drove eroded consumer confidence at the end of 2010. Simultaneously, the willingness to buy index declined by 4.6 points, which contrasted a more optimistic assessment for the general economy, reflected in the economic climate index, which increased by 4.4 points. Adding to the growing pessimism anticipated in the months to come, the expectations index fell by 1.8 points in December.