The state-run Statistics Poland (GUS) agency said its Current Consumer Confidence Index, which describes current trends in personal consumption, rose by 2 points in September over August, while remaining in negative territory of “minus 20.3” points.
Polish consumers surveyed this month were more positive about their financial prospects than a month earlier, and their evaluation of business trends also improved from August, according to Statistics Poland.
The Current Consumer Confidence Index was 23.9 points higher than in September last year, the statistical office said earlier this month.
Meanwhile, the so-called Leading Consumer Confidence Index, which provides an insight into expected trends in personal consumption in the coming months, rose 1.1 points in September from August, to “minus 9.4” points, Statistics Poland reported.
It added that consumers were more upbeat than a month earlier in their evaluation of the financial prospects of their households and the future condition of the economy.
The Leading Consumer Confidence Index was 23.8 points higher in September 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 September 4 and 13.
Sixty-two percent of those surveyed, down from 63.1 percent a month earlier, said their responses were impacted by "the current situation in Ukraine," Statistics Poland reported.
Thursday is day 575 of Russia’s war on Ukraine.
(gs)
Source: PAP, stat.gov.pl