Poland: Consumer sentiment drops sharply in March
April 4, 2011
The consumer confidence index (WOK) published by IPSOS fell from 86.7 points in February to 76.2 points in March, the worst reading in almost two years. The reading saw the index tumble further below the 100-point threshold that separates optimism from pessimism. According to IPSOS, all the components of the consumer confidence index deteriorated over the previous month. Most notably, the economic climate index registered the biggest decline, falling 15.5 points in March. Furthermore, consumers were more pessimistic regarding both current and future expectations. Finally, growing concerns about the state of public finances in Poland continue to weigh on the overall performance of the index.