TNS Consumer Index =   4.7

-0.9

March
2018
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TNS Consumer Index

Information
   Choose a year and click on the month number on the chart:
 10
-20
-50
3.6
3
Protesty w obronie sądów, KRS i SN
7
5.8
7.2
Protesty lekarzy rezydentów
4.6
4.1
Zaprzysiężenie premiera Morawieckiego
6.4
5.6
4.7
9.8
6.3
Katastrofa w kopalni \"Zofiówka\", Protesty rodziców dzieci niepełnosprawnych
10

Age

Information
  • up to 24 5.5 Na górę
  • 25 to 39 7.1 Na górę
  • 40 to 54 6.2 Na górę
  • 55+ 5.1 Na górę

Domicile

Information
  • Rural 8.9 Na górę
  • Urban
    up to 200,000
    -0.2 Na dół
  • Urban
    over 200,000
    6.8 Na górę

Education

Information
  • Primary/Lower secondary 8.4 Na górę
  • Basic vocational 5.2 Na górę
  • Secondary 3.8 Na dół
  • Tertiary 1.6 Na dół

Household size

Information
  • 1 1.0 Na dół
  • 2 2.3 Na dół
  • 3+ 8.5 Na górę

Employment

Information
  • Unemployed
    • -3.3
  • Managers
    • -4.8

Specific indices

Information
  • SE  4.0 Information

    Status of the economy

    -1

  • SE*  2.0 Information

    Status of the economy – forecast

    0

  • SH  17.0 Information

    Status of households

    +4

  • SH*  5.0 Information

    Status of households – forecasts

    -3

Key macroeconomic indices

Information
Previous month’s data
  • GUS 101.4 Information

    Consumer spending

    -0.7

  • MPiPS 6.9 Information

    Unemployment rate

    0

  • NBP 176.2 Information

    Balance of consumer credit

    +0.9

Media sentiment

Information
Previous month’s data
  • Economic
    sentiment

    53

    -13
    Informacje

  • Demand

    70

    -13
    Informacje


  • Employment

    63

    -9
    Informacje

  • Investments

    74

    +11
    Informacje

Comment - June 2018

A month of growth in June

Following the temporary moment of weakness in May, consumer moods have now improved greatly in Poland. The TNS Consumer Index has increased by 3.7 points on May values, settling at 10.00. This has been the highest outcome since the beginning of the year.

Eurostat reports that Poland's quarterly GDE has been the highest in all EU, unemployment rate continues to fall, and forecasts for the primary economic indicators for Q2 are favourable. All of this has made a good impression on consumers. Add to that the news that the high and stable economic growth is going to increase demand for employees (which makes predictions of a 7% pay increase in the enterprise sector highly realistic), as well as the 300 plus school kit subsidy for all pupils recently announced by the government, and it suddenly becomes clear where such high Consumer Index values come from.

Consumer moods are on the right track again and, following the recent substantial dip, went from 4.5 points in May to 8.8 points in June. The percentage of Poles who expressed favourable views on the general status of the country’s economy has also increased, with nearly a quarter of all Poles expressing positive opinions in that regard. We have also seen a 3-point increase in consumers who believe that the current economic status of the country is better than it was a year ago (26%). The share of consumers who predict that the status of the economy is going to improve further in a year has increased as well (going from 27% in May to 32% in June).

Let’s hope that the upcoming vacation season is going to support this trend, bringing favourable evaluations in the subsequent months as well, with forecasts for the primary macroeconomic indexes staying as optimistic as they have been so far.



Tomasz Wierzbiński
Account Manager

tomasz.wierzbinski@kantartns.com