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Ipsos: consumer confidence lower in October


2012-11-02



The Consumer Confidence Index (CCI) shed a further 2.5 points in October to stand at 72.1 points, according to research conducted by Ipsos. It is its lowest level since March 2009.

All the component indicators of the CCI deteriorated in October. The economic climate indicator, which gauges opinions about the domestic economy and outlook, decreased by 1.3 points to 55.9. The current indicator, which reflects sentiment about the present state of the economy and the financial situation of the respondent’s household, declined by 1.8 points to 62.1. The biggest drop was recorded in the willingness-to-spend indicator, which shed 3.2 points to 82.9. The expectations indicator dipped by 1.4 points to 75.4.

The proportion of Poles who say things in the country are heading in a bad direction rose by two points compared with September, to 74%, whereas the percentage of those who take the opposite view fell to 17% from 21%.

The number who say the economic situation in Poland has worsened over the past 12 months was 52%, down from 54%. But just 4% thought it has improved, down from 8%.

The proportion expecting the financial situation of their household to improve over the coming year decreased to 15% from 18% in September. Also, 78% of the respondents think they will be unable to make any savings during the next 12 months, up from 73% a month earlier.

The CCI index is measured on a scale from 0 to 200. It is based on interviews with a representative sample of approximately 1,000 people.

Consumer Confidence Index in Poland, October 2012
Ipsos, 2012
IndexValue (points)Monthly change (points)
Consumer Confidence Index 72.06 -2.45
Economic Climate 55.87 -1.29
Willingness to Buy 82.85 -3.23
Current Index 62.14 -1.78
Expectations Index 75.42 -1.42


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