The state-run Statistics Poland (GUS) agency said its Current Consumer Confidence Index, which describes current trends in personal consumption, rose by 2.8 points in November over October, while remaining in negative territory of “minus 15.1” points.
Polish consumers surveyed this month were more positive about the financial situation of their households, and their evaluation of the economy also improved from October, according to Statistics Poland.
The Current Consumer Confidence Index was 28.9 points higher than in November last year, the statistical office said on Wednesday.
Meanwhile, the so-called Leading Consumer Confidence Index, which provides an insight into expected trends in personal consumption in the coming months, rose 0.7 points in November from October, to “minus 7.4” points, Statistics Poland reported.
It added that consumers were more upbeat than a month earlier in their evaluation of the future condition of the economy.
The Leading Consumer Confidence Index was 26.4 points higher in November than in the same month of 2022, 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 November 6 and 15.
Around 58 percent of those surveyed, down from 64.2 percent a month earlier, said their responses were impacted by "the current situation in Ukraine," Statistics Poland reported.
Wednesday was day 637 of Russia’s war on Ukraine.
(gs)
Source: PAP, stat.gov.pl
