WARSAW, Oct 22 (Reuters) – Polish consumer sentiment deteriorated in October, reflecting growing concerns about economic conditions, a statistical office report showed on Wednesday. According to the data, the Current Consumer Confidence Index (BWUK) fell to minus 10.9 points, marking a 2.6 percentage point drop from September. Evaluations of the economic climate dropped by 4.9 points, while expectations for the economic outlook fell by 4.6 points. Households also expressed less optimism about their own finances, with assessments of financial conditions down by 2.1 points and of financial prospects declining by 1.7 points. The only component that improved was the evaluation of purchasing opportunities, which rose slightly by 0.3 points, suggesting some resilience in consumer spending capacity. Despite the monthly decline, the BWUK remains 4.9 points higher than in October 2024, indicating a modest year-on-year improvement in consumer sentiment. The Leading Consumer Confidence Index (WWUK), which gauges expectations for individual consumption in the coming months, also fell – 2.3 points to minus 6.6. All components of the index contributed to the decline, with the sharpest drop seen in expectations for the future economic situation (4.6 points). Forecasts for unemployment, household finances, and savings potential also weakened. The WWUK was 5 points higher than a year earlier, however. (Reporting by Pawel Florkiewicz; editing by Philippa Fletcher)
(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
