Consumers lose confidence – GUS

In August 2014 the consumer confidence indicator (BWUK) dropped by 2.4 points  compared to July, according to a report by Polish Central Statistical Office (GUS) published on Friday. Now it stands on the level of -19.5. The decrease was influenced by the assessment of the country’s future economic situation and joint factors of the country’s current economic situation and current and future households financial situation. The forward-looking indicator (WWUK), part of the same survey, dropped by 3.8 pp and amounted to -25, GUS said. In August 2014 WWUK was 6.8 pp higher than in August 2013.