Polish Consumer Morale Weakens in July

Poland’s current consumer confidence indicator improved to -10.8 in September 2026 from -11.3 in August, as assessments of the current situation strengthened, although expectations for the future weakened. The evaluation of current major purchases increased the most (-1.6 vs -4.9), while assessments of the country’s current and future economic situation also improved (-22.7 vs -23.8 and -17.7 vs -19.3, respectively). In contrast, households’ assessments of their current (-7.2 vs -5.4) and future (-4.7 vs -3.1) financial situation deteriorated. The leading consumer confidence indicator improved initially, with expectations for the country’s future economic situation rising (-17.7 vs -19.3) and expectations for future savings (14.2 vs 14.1). However, the overall indicator subsequently declined to -7.9 from -7.6, reflecting weaker expectations for households’ future financial situation (-4.7 vs -3.1) and unemployment (-23.5 vs -22.2).

Poland’s current consumer confidence indicator fell to -11.3 in August 2026, worsening from -10.2 in the previous month. Evaluations of current major purchases deteriorated the most (-4.9 vs -1.6), while expectations for the country’s future economic situation also weakened (-19.3 vs -17.3). Expectations for households’ financial situation over the next 12 months declined (-3.1 vs -2.7), as did assessments of the country’s current economic situation (-23.8 vs -23.4). Meanwhile, households’ financial situation over the last 12 months improved (-5.4 vs -6.0). The leading consumer confidence indicator also deteriorated, falling to -7.6 from -7.3 in July, with expectations for future savings (-14.1 vs 16.3) and the country’s future economic situation (-19.3 vs -17.3) weakening, while expectations for unemployment improved (-22.2 vs -25.3).

Poland’s consumer sentiment indicator fell to -10.2 in July 2026, worsening from -9.9 in the previous month. Expectations for the country’s economic situation over the last 12 months deteriorated (-23.4 vs -20.7), as did expectations for households’ future economic situation over the year ahead (-2.7 vs -1.9). Meanwhile, households’ financial situation over the last 12 months became less negative (-6.0 vs -6.3), while assessments of making major purchases improved both currently (-1.6 vs -3.3) and in the future (-22.3 vs -27.8). Among components outside the main index, concerns about unemployment worsened (-25.3 vs -23.9), while perceptions of price trends over the last 12 months increased (49.8 vs 47.9), though expectations for the next 12 months eased (19.9 vs 20.2). The leading consumer confidence indicator rose to -7.3 from -7.7 in the previous month.