Poland: Consumer sentiment continues to improve in May
June 2, 2011
The consumer confidence index (WOK) published by IPSOS increased from 79.1 points in April to 83.5 points in May, marking the biggest such increase since January 2010. The result represented a second consecutive improvement in the index following a sharp decline in March. The monthly increase pushed the index closer to the 100-point threshold that separates optimism from pessimism. Nevertheless, consumer sentiment remains subdued as unemployment and rising inflation contribute to consumers' negative mood. According to IPSOS, all components of the consumer confidence index improved over the previous month. Most notably, both the economic climate and the future expectations indices registered the largest increases, rising 7.4 points and 6.2 points respectively. Furthermore, consumers' willingness to buy improved in May, due to a better assessment of households' financial situation.