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Trends in individual consumption

Zofia Bolkowska, Marek Misiak
2009-06-29

In May 2009 consumer confidence slightly improved.

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In May 2009 consumer confidence slightly improved.

The reading of the current index, which describes current trends in individual consumption, increased slightly in May to -24.3 points, but was lower than at the beginning of the year. The forward-looking index, which describes trends expected in the next months, behaved in a similar way: it rose to -34.8 points and was also lower than at the beginning of the year.
The favourable changes in the consumer confidence indices noted in April and May covered virtually all of the basic factors which have an impact on changes in household consumption: the outlook on the households’ financial situation and the country’s general economic situation in the past and next 12 months, the households’ current potential to buy, the level of unemployment in the next 12 months and the potential to save in the next 12 months.

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