Carrefour Barometer inches down in July

The “Carrefour Barometer,” an index of consumer sentiment commissioned by the Polish branch of FMCG retailer Carrefour and compiled by the Gdańsk Institute for Market Economics (IBnGR), inched down by one point month-on-month in July, the retailer said in a news release on Tuesday. This was the first decline of the index recorded after four consecutive months of growth and should be seen as a correction, Carrefour said. In the coming months, the barometer is expected to surpass the neutral level of zero. The index has remained below zero for the past 67 months. Its current, relatively high level, signals improvement in the Polish economy, the statement also said.