The state-run Statistics Poland (GUS) agency said its Current Consumer Confidence Index, which describes current trends in personal consumption, went up by 2 points in May, while remaining in negative territory of "minus 14.5" 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 April, according to Statistics Poland.
The Current Consumer Confidence Index was 0.7 points lower than in May 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, rose by 2.9 points in May from April, to “minus 8.9” 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 0.7 points lower in May than in the same month of 2024, the office reported this week.
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 May 5 and 14.
Just over 53 percent of those surveyed, down from 58.5 percent in April, said their responses were impacted by "the current situation in Ukraine," amid Russia's ongoing invasion of the country, Statistics Poland reported.
(gs)
Source: PAP, stat.gov.pl