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Ipsos: consumer confidence rises in February


2013-02-25



The Consumer Confidence Index (CCI) gained nearly four points in February, to 80 points, according to research conducted by Ipsos. It was its second increase in a row.

All the component indicators of the CCI improved in February, led by the expectations indicator, which surged by 8.6 points to 88.3. The economic climate indicator, which gauges opinions about the domestic economy and outlook, jumped by 5 points to 66.6. The willingness-to-buy indicator rose by 3 points to 88.6, whereas the current indicator, which reflects sentiment about the present state of the economy and the financial situation of the respondent’s household, gained 0.8 points to 66.5.

The proportion of Poles who think the country is heading in the right direction increased by 1 p.p. to 21%. Moreover, there was a further, substantial decline in the share of the public who expect the economic situation to deteriorate during the next 12 months, to 37% from 42% in January. (As recently as December the figure was 48%). A similar percentage as in January said the economy had deteriorated during the past 12 months (about 50%), and more said it had improved (9% to 6% in January).

The perceived outlook for household finances brightened as well, with 18% of the respondents predicting that their financial situation will be better 12 months from now, up from 15%. The percentage of Poles who think now is the right time to buy durable goods remained unchanged at 14%, while the number who expect they will be able to make some savings during the next 12 months increased to 16% from 14%. Concerns about unemployment also abated, with 51% of the respondents saying they are worried that the jobless rate will rise, down from 57% in January. And more Poles now expect inflation to decelerate than to accelerate.

The CCI index is measured on a scale from 0 to 200. The latest study was conducted between 6 and 13 February 2013 on a representative, random-quota sample of 1,007 Poles aged 15 and above.

Consumer Confidence Index in Poland, February 2013
Ipsos, 2013
IndexValue (points)Monthly change (points)
Consumer Confidence Index 79.82 +3.81
Economic Climate 66.63 +5.03
Willingness to Buy 88.61 +3.00
Current Index 66.53 +0.76
Expectations Index 88.28 +8.62


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