Deteriorating moods

Willingness to buy, describing consumers’ assessment of their own financial situation and inclination to purchase durables, fell by 2 points from the previous month’s level to 93 points. However, in certain groups growth was evident in the willingness to buy index – particularly among company owners and residents of medium-sized cities.

Ratings for the economic climate also fell by 2 points. Currently this index stands at a level of 68 points. According to data from October, 35% of Poles expect the country’s economic situation to worsen in the near future, while 14% expect an improvement, and the rest think there will be no change.

Compared to the beginning of the year there has been a distinct improvement in expectations linked to the situation on the job market. In February and March this year 64% of Poles expected unemployment figures to rise, while currently 45% have such expectations. However, only 8% believe the level of unemployment will fall.

Poles are not worried about rising prices, and on the contrary, quite a large portion of them (23%) expect inflation to fall.

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The CCI Consumer Confidence Index can take a value of from 0 to 200 points. The latest survey is based on the findings of a survey conducted between 8 and 15 October 2009 on a representative random-quota sample of 1007 Poles aged 15 and above.