Consumer sentiments much lower than in 2018

Current consumer confidence index (BWUK), synthetically describing the current trends in individual consumption, amounted to 1.3 in March, unchanged from the previous month, the Central Statistical Office (GUS) reported.

Still, in relation to March 2019, the current value of BWUK is 6.9 percentage points lower.

In turn, the leading consumer confidence index (WWUK), synthetically describing the individual consumption trends expected in the coming months, fell by 0.1 percentage points in March.compared to the previous month and was at the level of -2.3.

This indicates WWUK reached a value of 7.0 percentage points lower than in the corresponding month of 2019.

Both indicators of consumer confidence can take values ​​from -100 to +100. A positive value means the numerical advantage of optimistic consumers over pessimistic consumers, while a negative value means the numerical advantage of pessimistic consumers over the optimistic ones.

(PAP)