Poland: Consumer confidence rises again in February
February 25, 2013
The consumer confidence index (WOK) published by IPSOS rose from 76.0 points in January to 79.8 points in February. Nevertheless, despite the improvement, the index remains considerably below the 100-point threshold that separates optimism from pessimism.
The improvement was broad-based, with all components of the index increasing over the previous month. The expectations index improved the most, followed by a rise in the economic climate index.
Consumers' negative perception of their economic well-being does not bode well for private consumption growth going forward. FocusEconomics Consensus Forecast panellists expect private consumption to grow 1.1% in 2013, which is down 0.2 percentage points from last month's estimate. For 2014, FocusEconomics Consensus Forecast panellists see private consumption growth accelerating to 2.5%.