Consumer sentiment shows improvement in February

Consumer sentiment in Poland showed improvement in both current and future expectations in February, according to the Central Statistical Office (GUS). The current consumer confidence index, which reflects current consumption trends, was -36.0, a 2.1% increase from the previous year. However, compared to February 2022, the current value is lower by 8.3%.

Among the components of the indicator, the assessment of the future economic situation of the country improved the most. The leading indicator of consumer confidence, which synthetically describes expected consumption trends, increased by 2.3% compared to the previous month and amounted to -25.3%. The increase was influenced the most by the assessment of the future economic and financial trends in households. A lower value reflects the possibility of households saving money for the future. In February 2023, WWUK reached a value of 6 percentage points, lower than the corresponding month in 2022.

Source: PAP Business