TNS Consumer Index =   .3

+0.1

February
2019
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TNS Consumer Index

Information
   Choose a year and click on the month number on the chart:
 10
-20
-50
5.6
4.7
9.8
6.3
Katastrofa w kopalni \"Zofiówka\", Protesty rodziców dzieci niepełnosprawnych
10
5.4
2
7.8
5.4
7
-0.9
0.2
0.3

Age

Information
  • up to 24 4.4 Na górę
  • 25 to 39 -5.1 Na dół
  • 40 to 54 1.5 Na górę
  • 55+ -0.8 Na dół

Domicile

Information
  • Rural -4.3 Na dół
  • Urban
    up to 200,000
    2.9 Na górę
  • Urban
    over 200,000
    3.7 Na górę

Education

Information
  • Primary/Lower secondary -5.7 Na dół
  • Basic vocational -3.3 Na dół
  • Secondary 3.3 Na górę
  • Tertiary 5.2 Na górę

Household size

Information
  • 1 -5.2 Na dół
  • 2 -0.4 Na dół
  • 3+ 4.4 Na górę

Employment

Information
  • Unemployed
    • -7.2
  • Managers
    • -2.5

Specific indices

Information
  • SE  -1.0 Information

    Status of the economy

    -6

  • SE*  -2.0 Information

    Status of the economy – forecast

    -6

  • SH  8.0 Information

    Status of households

    -6

  • SH*  2.0 Information

    Status of households – forecasts

    -7

Key macroeconomic indices

Information
Previous month’s data
  • GUS 101.1 Information

    Consumer spending

    0

  • MPiPS 6.2 Information

    Unemployment rate

    +0.3

  • NBP 190.3 Information

    Balance of consumer credit

    +5

Media sentiment

Information
Previous month’s data
  • Economic
    sentiment

    56

    -3
    Informacje

  • Demand

    55

    0
    Informacje


  • Employment

    55

    -13
    Informacje

  • Investments

    22

    -32
    Informacje

Comment - February 2019

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.



Piotr Sztabiński

Account Director

piotr.sztabinski@kantartns.com