The state-run Statistics Poland (GUS) agency said its Current Consumer Confidence Index, which describes current trends in personal consumption, went up by 2.1 points in December, while remaining in negative territory of “minus 41.9” points.
Polish consumers surveyed this month were more positive about their spending power than a month earlier, and their evaluation of future economic trends also improved from November, according to Statistics Poland.
Compared with December last year, the Current Consumer Confidence Index was 14.6 points lower, the statistical office said.
Meanwhile, the so-called Leading Consumer Confidence Index, which provides an insight into expected trends in personal consumption in the coming months, rose 3.1 points in December from November, to “minus 30.7” points, Statistics Poland reported.
It added that all components of that indicator improved, including how consumers evaluate their saving prospects and the future level of unemployment. Respondents were also more positive than a month earlier about the future condition of the economy.
The Leading Consumer Confidence Index was 11 points lower in December than in the same month of 2021, the office reported.
Both consumer confidence indicators take values from -100 to +100. A positive value means that optimistic attitudes prevail among consumers, while a negative value indicates a prevalence of pessimistic views.
The latest consumer sentiment study was conducted between December 5 and 14.
More than 72 percent of those surveyed said their responses were impacted by "the current situation in Ukraine," Statistics Poland reported.
(gs)
Source: PAP, stat.gov.pl