Consumer tendency - January 2020

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23.01.2020

In January 2020, a slight deterioration in the current consumer moods was recorded, while the future consumer moods slightly improved compared to the previous month. The current consumer confidence indicator, synthetically describing the current trends in individual consumption, was 3.7* and was 0.6 p.p. lower in relation to last month.


Among the components of the indicator, the lower value was recorded primarily in evalua-tions of the current economic situation of the country and the current possibility of making important purchases (decreases by 1.9 and 1.8 percentage points, respectively). The largest increase (by 0.9 percentage points) was recorded in the case of the evaluation of the current financial situation of the household.

Referring to January 2019, the current value of current consumer confidence indicator is lower by 1.7 percentage points.

The leading consumer confidence indicator, synthetically describing trends in individual consumption that are expected in the coming months, increased by 0.2 percentage points in relation to the previous month, and was at the level of -0.6*.

The increase in the value of the indicator was most influenced by the evaluation of the future level of unemployment (an increase of 1.9 percentage points). Deterioration of ratings was recorded in the case of two components, the larger decrease (by 0.8 percentage points) was in the evaluation of the future financial situation of the household.

In January this year leading consumer confidence indicator reached a value of 2.8 percentage points lower than in the corresponding month of 2019.



* Both consumer confidence indicators receive values between -100 and +100. A positive value means dominance of consumers with optimistic attitude over consumers with pessimistic attitude, while negative value means dominance of consumers with pessimistic attitude over consumers with optimistic attitude. In January 2020, 1204 interviews were conducted in the period  07-16.01.2020 r. (including 66 using the CATI method – computer-assisted telephone interview).

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