Polish consumer sentiment deteriorated in August
14:18
The GfK Consumer Mood Barometer, a synthetic indicator illustrating the current mood of Poles in terms of consumer attitudes, amounted to minus 19.2 points in August and fell by 3.7 percentage points compared to the previous month. The average for the barometer across the EU is -26, which is a slightly better result than in July when the indicator was at its lowest level in history.
The barometer can take values from -100 to +100 and it is the balance between positive and negative opinions. A positive barometer value indicates that in a given survey wave, the number of optimistic consumers outweighs the number of pessimistic consumers. A negative value of the barometer means that the proportion is inverted.
In August, all the key components of the barometer dropped. A worse result was recorded both in terms of the current assessment of the economic situation and forecasts for the future.
