Significant deterioration in consumer sentiment in October. New GUS data

Consumer sentiment in Poland has significantly declined, with the current consumer confidence index dropping to -14 points in October. Concerns about the economy outweigh personal financial worries, driven by high oil prices and inflation. Despite pessimism, the willingness to make significant purchases remains stable. Economists predict a slower growth in consumption due to cautious household spending and stagnant wage growth. Inflation expectations have decreased slightly, which may positively influence future economic assessments.