Current and future consumer sentiment deteriorates in February

Both current and future consumer moods in Poland are lower in February than a month earlier, the Central Statistical Office (GUS) said.

The current consumer confidence index (BWUK), synthetically describing the current trends in individual consumption, amounted to 1.3 and was by 2.4 percentage points lower than last month. In relation to February 2019, the current value of BWUK is 4.2 percentage points lower.

In turn, the leading consumer confidence index (WWUK), synthetically describing the trends of individual consumption expected in the coming months, fell by 1.6 percentage points compared to the previous month and was at the level of -2.2.

In February WWUK reached a value of 5.4 percentage points lower than in the corresponding month of 2019.

(PAP)