The state-run Statistics Poland (GUS) agency said on Thursday that its Current Consumer Confidence Index, which describes current trends in personal consumption, went down by 1.3 points in November, slipping deeper into negative territory of “minus 17.1” points.
Polish consumers surveyed this month were less positive about the economy than a month earlier, and their evaluation of their spending power also worsened from October, according to Statistics Poland.
The Current Consumer Confidence Index was 2 points lower than in November 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, remained unchanged in November compared with October, standing at “minus 11.6” points, Statistics Poland reported.
It added that consumers were less positive than a month earlier about the future condition of the economy and their own financial prospects.
The Leading Consumer Confidence Index was 4.2 points lower in November 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 November 4 and 11.
More than 58 percent of those surveyed said their responses were impacted by "the current situation in Ukraine," Statistics Poland reported.
(gs)
Source: PAP, stat.gov.pl