The state-run Statistics Poland (GUS) agency said its Current Consumer Confidence Index, which describes current trends in personal consumption, went up by 1 point in November, while remaining in negative territory of "minus 9.9" points.
Polish consumers surveyed this month were more positive about the economy than a month earlier, and their evaluation of their spending power also improved from October, according to Statistics Poland.
The Current Consumer Confidence Index was 7.2 points higher 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, dropped by 0.9 points in November from October, to "minus 7.5" points, Statistics Poland reported.
It added that consumers were less optimistic than a month earlier about future unemployment levels and saving opportunities. At the same time, they were more upbeat in their evaluation of the future condition of the economy and their own financial prospects.
The Leading Consumer Confidence Index was 4.1 points higher in November than in the same month of 2024, the office reported last 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 November 3 and 13.
More than 55 percent of those surveyed 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