Poland: Consumer confidence reaches 17-month high in November
November 25, 2013
The Ipsos Consumer Confidence Index (CCI) rose to 84.9 points in November, up from 82.6 points in October. The index now sits at the highest point since June 2012, although it remains below the 100-point threshold that separates optimism from pessimism.
The rise in November was driven primarily by improvements in consumers' expectations regarding their financial situations. Consumers' willingness to buy increased in November after having declined in the two previous months.
FocusEconomics Consensus Forecast panelists expect private consumption to grow a meager 0.5% in 2013, which is unchanged from last month's estimate. For 2014, panelists see private consumption growth accelerating to 1.9%, which is down 0.1 percentage points from last month's projection.
Author: Carl Kelly, Economist