Consumer sentiment worsens in August

Consumer Confidence Index decreased by 3.2 percentage points in monthly terms and amounted to minus 44.9 points in August this year, according to the Central Statistical Office (GUS).

All components of the index were lower than a month ago. The largest drops were recorded for the assessments of the ability to make important purchases and the households’ financial condition. The indicators declined by 6.3 percentage points and 3.6 percentage points, respectively.

A drop of 1.2 percentage points was also recorded for the assessment of the possibility to save money. A higher value than a month ago was recorded only for the perception of the future unemployment level: the indicator showed an increase by 0.8 percentage points.

Almost 40% of respondents said that the situation in Ukraine poses a great threat to the economy in Poland.

(ISB News)