The state-run Statistics Poland (GUS) agency said its Current Consumer Confidence Index, which describes current trends in personal consumption, went up by 0.3 points in February, remaining in negative territory of “minus 14.8” points.
Polish consumers surveyed this month were more positive about their spending power than a month earlier, and their evaluation of their own financial condition also improved from January, according to Statistics Poland.
Compared with February last year, the Current Consumer Confidence Index was 2.2 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, dropped 0.9 points in February from January, to "minus 10.8" points, Statistics Poland reported on Wednesday.
It added that some components of that indicator declined markedly, including how consumers evaluate the future condition of the economy and the future level of unemployment. Meanwhile, respondents were more positive than a month earlier about the future financial situation of their households.
The Leading Consumer Confidence Index was 5.5 points lower in February than in the same month of 2024, 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 February 3 and 12.
More than 55 percent of those surveyed said their responses were impacted by "the current situation in Ukraine," Statistics Poland reported.
(gs)
Source: PAP, stat.gov.pl