The New Year has changed little in Poland’s national mood. While the Ipsos Consumer Confidence Index increased somewhat, it’s still too soon to speak of any clear-cut reversal of the downward trend that began back in November 2011. The Index remains in the doldrums at 77 points, though it recorded a month-on-month change of +1 point.
After the slight decline in consumer mood recorded in August, September brought a moderate improvement: the Consumer Confidence Index (CCI) moved up 1.4 points to 86.4. This increase may be a bit surprising considering the media gloom and doom about another recession around the corner – all the more so in that the CCI improvement was mainly driven by better assessments of the country’s economic condition. Evidently, Poles are not falling into a panic.
Andrzej Anterszlak has been appointed manager of a quantitative research team at Ipsos Marketing. Andrzej Anterszlak has been involved in the research industry since 1999. He worked for TNS OBOP for the last 6 years, where he was the head of the Business and Finance sector and worked as a Senior Market Research Consultant.
August brought a decline in consumer mood: the Consumer Confidence Index (CCI) slipped to 85.03 points. This month-on-month change is slight, as it did not exceed 1 pt., though it put an end to the upward trend that had lasted over the previous four consecutive months. The break in the positive trend together with experts forecasting an economic slowdown could lead to further declines in the Index in coming months.
Polish consumers grew more optimistic in May. After the sharp downturn back in March, this is the second month of improvement in a row. The Ipsos Consumer Confidence Index reached 83.5 points (+4 pts.). While it has not yet regained the ground it lost in March, it is only 3 points below the highest point it reached in 2011.
Following the largest month-on-month decline in consumer confidence in the last two years, April brought good news: the Ipsos Consumer Confidence Index rose 3 points to 79.1. Nevertheless, this is still 8 points lower than in February and it’s still too early to declare this the end of the long-term downward trend.
According to the Ipsos “Polish OTC Consumer” report, three quarters of Poles treat some of their ailments on their own. When choosing a remedy for ourselves, we primarily rely on our experience and advice from family and friends, less often from pharmacists. Only a third of Poles declare that they follow their doctor’s recommendations.
The first month of the summer holidays saw a slight improvement in moods – with the Consumer Confidence Index rising by 2 points to 96.7. Over the last few months, the WOK has been systematically gaining ground. However, there are still slightly more pessimists than optimists in Poland in regard to the economy and material issues. At the index’s current value, pessimists have only a 3 percentage-point advantage.
The latest research by Ipsos shows that – contrary to widespread opinion – the Internet does not lead to reduced usage of other media, i.e. the printed press and the radio. Quite the opposite in fact, as those who surf the Internet more often also tend to use the daily newspapers, magazines and radio more frequently.
The first half of May brought a continuation in the improvement of consumer moods built above all on the growing level of confidence in Poland’s economy. The Consumer Confidence Index measured by Ipsos rose by 2.6 points on April’s level to the current value of 96.7 points – the highest it has been since October 2008.
According to the latest Ipsos survey into customers’ preferences regarding channels of communication with service providers (customer service desks), the traditional options of seeing somebody in person, sending a letter by post and contact by telephone are still those chosen most often. Signs of change can be seen in what is known as ‘generation Y’, making much greater use of modern forms of contact such as e-mail, inquiries submitted on-line via providers’ web sites, or live chat on-line conversation.
Following the recent growth in optimism, consumer moods deteriorated slightly in March. The Consumer Confidence Index (CCI) currently stands at 90.8 points, a drop of 2 points on February’s level. However, this result is still a massive 24 points above that of the previous March (then only 67.2 points), which was the lowest CCI result since May 1992.
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Consumers began the New Year 2010 in much better moods. The CCI – Consumer Confidence Index – measured by Ipsos in January rose by 5 points (to 89.4) on December’s level. Consumers are now more optimistic about both the country’s economic situation and their own finances. This is seen in better ratings for the economic climate and consumers’ willingness to buy.
The improvement in moods that began a few months ago settled at a level of 80-odd points. Looking at how the CCI has fared over this period, one can spot a slight growth trend interwoven with spots of less favourable ratings. This November, the Consumer Confidence Index rose by 4 points to reach a level of 87.
The Consumer Confidence Index has worsened for the second month in a row. Over the past month the CCI has fallen by 2 points to 83. Poles are mainly pessimistic in their assessment of the current situation and prospects for its development. Poles still rate their own household situation much better than the situation of the entire economy in general.
Ipsos Marketing the part of Ipsos specialising in research covering innovations, brands and products, is launching NOVACTION NextGen, an innovative research tool enabling estimation of sales potential for a new product at any stage of its development. This is something completely new on today’s research market.