The confidence of consumers is increasing in Poland while decreasing in the EU

In February the confidence of consumers in Poland increased somewhat compared to the same month last year, up from 3.9 to 5.9.

In the same time, EU countries consumers confidence have decreased somewhat, down from -4 to -7.2 on average.

Poland now has the second highest confidence of consumers in the EU compared to the other 28 countries. Malta has the highest confidence of consumers (6.4 points), while Greece ranks last (-33.3 points).

Confidence of consumers in EU countries

The whole country2019 (February)2018 (February)Change
Austria-1.63.2-4.8
Belgium-11.1-3.5-7.6
Bulgaria-26.6-18.2-8.4
Croatia-7.6-7.5-0.1
Cyprus-73.8-10.8
Czech Republic3.75.2-1.5
Denmark3.18.7-5.6
Estonia0.6-2.5+3.1
Finland0.47.7-7.3
France-11.6-6.8-4.8
Germany-2.21.1-3.3
Greece-33.3-49.6+16.3
Hungary-4.40.6-5
Ireland-1.310.7-12
Italy-11.8-11.1-0.7
Latvia-6.6-3.6-3
Lithuania5.2-2.1+7.3
Luxembourg-0.71.6-2.3
Malta6.417.8-11.4
Netherlands-6.33.6-9.9
Poland5.93.9+2
Portugal-9.1-3.4-5.7
Romania-14.3-17.5+3.2
Slovakia-7.8-6.9-0.9
Slovenia-6.8-4.4-2.4
Spain-5.4-2.9-2.5
Sweden-13.1-4.1
United Kingdom-10.8-6.9-3.9

About the consumer confidence indicator

This indicator is based on consumers surveyed on their financial situation, general economic situation, price trends, unemployment, major purchases and savings, intention to buy a car, purchase or build a home, home improvements.

For all surveys the difference between positive and negative answers (in percentage points of total answers) are averaged to calculate an indicator.

The economic sentiment indicator (ESI) is calculated as an index with mean value of 100 and standard deviation of 10 over a fixed standardised sample period.

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