March current and leading confidence indices down

The current consumer confidence index (BWUK) decreased by 11.3 percentage points m/m and amounted to minus 39 points in March this year, according to surveys carried out by the Central Statistical Office (GUS).

"All components of the index were lower than a month ago. The greatest drops were recorded for the assessments of the future economic condition of the country and the future financial condition of the household (decreases by 22 percentage points and 15.8 percentage points, respectively). For the remaining components of the index, the drops were as follows: 11 percentage points for the assessment of the current ability to make important purchases, 4.6 percentage points for the assessment of the current financial situation of the household, and 2.8 percentage points for the assessment of the current economic situation of the country," the release reads.

Compared to March 2021, the current value of BWUK is 16 percentage points lower.

The leading consumer confidence index (WWUK), synthetically describing the individual consumption trends expected in the coming months, fell by 12.2 percentage points, compared to the previous month, and was at the level of minus 31.5.

(ISBnews)