A stable February
The moods that we monitor with the TNS Consumer Index remained stable in February despite the fickle weather. So far, the growth trend that the optimistic beginning of the year might have hinted at is still not here.
Hence, it might be advisable to take a look at what the detailed data tell us, because they are much less optimistic. Both the forecasts for and current evaluation of the status of the economy have dropped visibly since January. The same can be said about the current evaluation of, and forecasts for, the status of households – the percentage of households with a favourable view of their financial situation has decreased slightly as well. Whereas this state of affairs can be explained with the fact that February can simply be a difficult month as far as finances are concerned (some Polish families spend more during the winter break), perceptions of the status of the economy are clearly with linked with current media sentiment. And the moods transpiring from the media were much lower in January than they had been at the turn of the year, with almost all of the indexes moving towards the negative.
With such ambiguous results in February, it is going to be interesting to see what changes the next month brings, and in this context it would be difficult not to mention the moods and ongoing debate connected with the Sunday ban on trading, and the upcoming 2019 election campaigns.