Poland: Consumer confidence improves in January
January 31, 2012
The consumer confidence index (WOK) published by IPSOS edged up from 76.0 points in December to 77.2 points in January, which marked the first increase in the index since October last year. Although January's improvement in confidence was broad-based, with all components of the index increasing over the previous month, they still remain in pessimistic territory. Consumers' opinion on the economic climate as well as their expectations improved slightly. In addition, respondents to the survey believed that this was a slightly more favourable period to purchase durable goods, as implied by the increase in the willingness to buy index. Consumers' negative perception of their economic well-being does not bode well for private consumption growth going forward.