Poland: Consumer confidence increases in July
July 31, 2013
The Ipsos Consumer Confidence Index (CCI) rose from 81.6 points in June to 83 points in July. While the index remains below the 100-point threshold that separates optimism from pessimism, it has reached its highest point in more than a year.
Consumers felt more optimistic about both the state of the Polish economy and their personal financial situations in July. Only expectations saw a slight decrease. Overall, the results suggest that there is potential for improvement in private consumption going forward.
FocusEconomics Consensus Forecast panellists expect private consumption to grow a meagre 0.6% in 2013, which is unchanged from last month's estimate. For 2014, panellists see private consumption growth accelerating to 2.0%.
Author: Carl Kelly, Economist