Polish consumer sentiment up y/y in September

Rafał Guz/PAP

Poland’s consumer sentiment improved in September from its August level as the indicator of current consumer confidence (BWUK) rose by 0.2 percentage points to minus 15.0 points, the Central Statistical Office (GUS) announced on Wednesday.

The highest growths were recorded for assessments in the future economic situation of the country and the ability to make important purchases (up by 2.8 pps and 2.0 pps, respectively).

The largest drop, by 3.4 percentage points, was recorded in the case of the assessment of the current financial situation of the household.

Compared to September 2019, BWUK was down 25.2 pps.

The forward-sentiment index, WWUK, designed to show expected individual consumption over the coming months, went up by 0.5 pp from August and stood at minus 16.0 points.

WWUK's September 2020 reading was 23.0 pps lower compared to the same month in 2019.