EC reports drop in sentiment and inflationary expectations in Poland

The index of consumer inflation expectations in Poland fell to 20.0 points in October 2019 from 23.0 points in September, results of the European Commission's Directorate-General for Economic and Financial Affairs (DG EcFin) published on Wednesday. Respondents were asked about how they think prices will change over the next 12 months. However, the indicator does not take into account the fraction of respondents expecting price increases but slower than currently perceived.

In turn, the Economic Sentiment Indicator (ESI) fell to 100.2 points in October from 102.1 points in September. The Economic Sentiment Indicator (ESI) consists of indications for industry (40%), services (30%), consumers (20%), construction and retail trade (5% each). Level 100 corresponds to the ESI long-term average (since 1990).

(PAP)