The state-run Statistics Poland (GUS) agency said its Current Consumer Confidence Index, which describes current trends in personal consumption, edged up by 0.3 points in March, while remaining in negative territory of “minus 12.3” points.
Polish consumers surveyed this month were more positive about their household finances than a month earlier, and their evaluation of business trends also improved from February, according to Statistics Poland.
The Current Consumer Confidence Index was 23.3 points higher than in March 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, edged up by 0.1 point in March from February, to “minus 5.2” 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 and their own financial prospects.
The Leading Consumer Confidence Index was 17.4 points higher in March 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 March 4 and 13.
More than 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