The state-run Statistics Poland (GUS) agency said its Current Consumer Confidence Index, which describes current trends in personal consumption, edged up by 0.8 points in April, while remaining in negative territory of “minus 11.5” points.
Polish consumers surveyed this month were more positive about the economy than a month earlier, and their evaluation of their household finances and spending power also improved from March, according to Statistics Poland.
The Current Consumer Confidence Index was 20.7 points higher than in April last year, 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, dropped by 1.6 point in April from March, to “minus 6.8” points, Statistics Poland reported.
It added that consumers were markedly less upbeat than a month earlier in their evaluation of the future condition of the economy and their own financial prospects.
The Leading Consumer Confidence Index was 12.9 points higher in April than in the same month of 2023, the office reported earlier this month.
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 April 2 and 11.
Nearly one in six of those surveyed said their responses were impacted by "the current situation in Ukraine," Statistics Poland reported.
(gs)
Source: PAP, stat.gov.pl