Consumer sentiment in Poland highest in six months

Such a good six months in terms of consumer sentiment surveys in Poland have not been seen for years. For six months, the index remained almost unchanged, but consistently above the dash. The stabilization is very good news for the retail industry and for companies planning sales in the second half of the year.

display met diverser vruchten en groenten

Data from GfK - An NIQ Company shows that some key indicators worsened in June this year - e.g. in the assessment of the current situation of our own finances and the future economic situation of the country. Better than a month ago, Poles assess their willingness to spend on durable goods and are more optimistic about the state of their wallets in the future. Still, very pronounced changes are observed in the long-term perspective. A year ago, however, the components of the barometer were even worse.

The lack of visible change in the main indicator is a signal from consumers that they simply feel safe. And this is hardly surprising. The absence of strong economic turbulence, the stabilisation of the labour market and the strong deceleration of inflation are all factors that are allowing wallets to be opened a little wider than before and non-core spending to be unfrozen. This is a good time for the market, which we hope will continue for a long time to come - B. Lewicka, from GfK - An NIQ Company.

In June, the disparity in results by gender, which was still apparent a month ago, disappeared. The results for men and women were almost identical this time. Very large differences can still be observed in the breakdown by age. Young people (15 to 29 years old) are invariably in the best consumer moods. In comparison, respondents in the 50-59 and over 60 age group recorded a weaker result, but this still represents a very large improvement month-on-month.

Source: data for Poland comes from a GfK survey co-financed by the European Commission.