KANTAR Consumer Index =   .8

+0.7

January
2020
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KANTAR Consumer Index

Information
   Choose a year and click on the month number on the chart:
 10
-20
-50
5.2
2.1
3.6
1.2
-1.3
0.1
0.8
1.7
2.2
-7.5
-0.7
-16.4
-8.7

Age

Information
  • up to 24 4.4 Na górę
  • 25 to 39 2.0 Na górę
  • 40 to 54 -3.1 Na dół
  • 55+ 1.8 Na górę

Domicile

Information
  • Rural 2.5 Na górę
  • Urban
    up to 200,000
    0.6 Na dół
  • Urban
    over 200,000
    -2.0 Na dół

Education

Information
  • Primary/Lower secondary -0.7 Na dół
  • Basic vocational 0.2 Na dół
  • Secondary 2.5 Na górę
  • Tertiary 0.2 Na dół

Household size

Information
  • 1 -5.3 Na dół
  • 2 2.2 Na górę
  • 3+ 3.1 Na górę

Employment

Information
  • Unemployed
    • -4.4
  • Managers
    • -7.0

Specific indices

Information
  • SE  4.0 Information

    Status of the economy

    +6

  • SE*  -8.0 Information

    Status of the economy – forecast

    -3

  • SH  16.0 Information

    Status of households

    +4

  • SH*  5.0 Information

    Status of households – forecasts

    +3

Key macroeconomic indices

Information
Previous month’s data
  • GUS 103.4 Information

    Consumer spending

    +0.9

  • MPiPS 5.5 Information

    Unemployment rate

    +0.3

  • NBP 204.8 Information

    Balance of consumer credit

    +1

Media sentiment

Information
Previous month’s data
  • Economic
    sentiment

    75

    +13
    Informacje

  • Demand

    84

    +36
    Informacje


  • Employment

    70

    +6
    Informacje

  • Investments

    20

    -20
    Informacje

Consumer sentiment stable, but low

Although still very low, since November the Consumer Index is no longer falling, which is reason enough to be optimistic after so many months with a downward trend. February has brought a slight increase in Index values, although for now it would be difficult to interpret this as anything else than just a slight deviation from the prevalent lateral movement.

 

Both perceptions of the current situation and expectations for the future are much less optimistic with regard to the economy as a whole than for households. Regardless, even in the case of households, deterioration is forecasted slightly more often than improvement. Furthermore, the fact that managers are now among the least optimistic groups, second only to the unemployed, speaks volumes.

 

The current interruption in the downward trend is likely connected with the launch of the COVID-19 vaccination campaign, which has been like a light at the end of the tunnel for many, as well as a hint that the Polish economy might soon be coming out of lockdown (the survey was conducted on 5-10/2). On the other hand, the slow progress of the vaccination program and the dynamically developing epidemiological situation in Poland and around the world prevent consumers from becoming overly optimistic as they realise that vaccinations do not necessarily mean that the situation in the country will be going back to normal anytime soon.

 

 

The winter weather is subsiding, spring is just around the corner, and the vaccination process is gradually progressing, which means that March might possibly bring some more optimistic moods. We will have to wait to find out.


 

Client Service Director

Kantar