The state-run Statistics Poland (GUS) agency said its Current Consumer Confidence Index, which describes current trends in personal consumption, went up by 1.8 points in June, while remaining in negative territory of “minus 12” 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 May, according to Statistics Poland.
The Current Consumer Confidence Index was 16.2 points higher than in June 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, inched down by 0.1 point in June from May, to “minus 8.3” points, Statistics Poland reported.
It added that consumers were less upbeat than a month earlier in their evaluation of the future condition of the economy and their saving prospects.
The Leading Consumer Confidence Index was 6.5 points higher in June than in the same month of 2023, 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 June 3 and 12.
Fifty-nine percent of those surveyed said their responses were impacted by "the current situation in Ukraine," Statistics Poland reported.
(gs)
Source: PAP, stat.gov.pl