Polish consumers’ assessments of the current situation deteriorated slightly in July 2026. The current consumer confidence indicator fell to minus 10.2, mainly because of a weaker assessment of the country’s economic situation. At the same time, expectations for the coming months improved, and the leading indicator rose to minus 7.3. Both readings remain negative, but are clearly better than a year earlier.
In July 2026, consumers’ assessments of the current economic and financial situation deteriorated. The current consumer confidence indicator, referred to by the Polish abbreviation BWUK, stood at minus 10.2 and was 0.3 points lower than in June.
At the same time, consumers assessed the outlook for the coming months slightly more favourably. The leading consumer confidence indicator, or WWUK, increased by 0.4 points to minus 7.3.
Both indicators remained below zero. This means that pessimistic respondents continued to outnumber consumers who assessed the situation optimistically.
Current sentiment slightly weaker than in June
In June 2026, the current consumer confidence indicator stood at minus 9.9. In July, it declined to minus 10.2. The month-on-month deterioration was therefore small, although changes in the indicator’s individual components were more varied.
The assessment of the country’s current economic situation deteriorated the most. Its balance fell by 2.7 points, from minus 20.7 in June to minus 23.4 in July.
The assessment of households’ future financial situation also fell by 0.8 points. By contrast, assessments of the current possibility of making major purchases and of households’ past financial situation improved.
Sentiment clearly better than a year earlier
Despite the slight month-on-month deterioration, the current indicator was significantly higher than a year earlier. BWUK stood at minus 14.0 in July 2025 and at minus 10.2 in July 2026, an improvement of 3.8 points.
All components of the current indicator improved over the past twelve months. The change in the assessment of the possibility of making major purchases was particularly pronounced. Its balance rose from minus 10.7 in July 2025 to minus 1.6 a year later.
Assessments of the future improved slightly
The leading consumer confidence indicator increased to minus 7.3 in July from minus 7.7 in June. This indicator describes expected trends in individual consumption over the coming months.
Assessments of the possibility of saving money over the next twelve months had the strongest positive impact on its value. The corresponding balance increased by 4 points, from 12.3 to 16.3.
The assessment of the country’s future economic situation also improved slightly. At the same time, expectations concerning unemployment and households’ financial situation deteriorated.
The possibility of making purchases receives the best assessment
Among the components of the current indicator, the assessment of the possibility of making major purchases recorded the relatively best result. Its balance stood at minus 1.6, compared with minus 3.3 in June.
Consumers assessed changes in the country’s economic situation over the past twelve months most negatively. The balance of responses stood at minus 23.4.
| Component of the current indicator | June 2026 | July 2026 | Monthly change |
|---|---|---|---|
| Household financial situation over the past 12 months | −6.3 | −6.0 | +0.3 |
| Household financial situation over the next 12 months | −1.9 | −2.7 | −0.8 |
| Country’s economic situation over the past 12 months | −20.7 | −23.4 | −2.7 |
| Country’s economic situation over the next 12 months | −17.4 | −17.3 | +0.1 |
| Current making of major purchases | −3.3 | −1.6 | +1.7 |
| Current consumer confidence indicator | −9.9 | −10.2 | −0.3 |
Concerns about the war in Ukraine increased slightly
Statistics Poland also asked respondents how the situation in Ukraine affected their answers concerning consumer sentiment. A moderate impact was reported by 41.5% of respondents and a significant impact by 9.9%.
In total, 51.4% of respondents reported a moderate or significant impact. For 48.6%, the situation in Ukraine had no impact on their answers.
The share of people reporting a significant impact of the situation in Ukraine fell from 11.4% in June to 9.9% in July. At the same time, the proportion reporting a moderate impact increased from 41.0% to 41.5%.
22.2% of respondents see a major threat to the economy
For 22.2% of respondents, the situation in Ukraine posed a major threat to Poland’s economy. A moderate threat was reported by 43.6%, a minor threat by 26.1%, and no threat by 8.1%.
7.6% fear a major impact on their personal finances
Regarding their personal financial situation, 7.6% of respondents reported a major threat related to the situation in Ukraine. This was up from 6.2% in June and 5.3% in May.
A moderate threat was felt by 25.9% of respondents and a minor threat by 35.3%. No threat was reported by 31.2%.
Most employed people do not fear losing their jobs
Among employed respondents, 54.6% said they did not fear losing their job or having to cease their own business activity because of the situation in Ukraine.
The answer “probably not” was selected by 30.6% of employed respondents. The possibility of losing a job was acknowledged by 8.9%, while 2.3% expressed a definite concern. The remaining 3.6% had no opinion.
22.8% see a major threat to Poland’s sovereignty
For 22.8% of respondents, the situation in Ukraine posed a major threat to Poland’s sovereignty and independence. A moderate threat was reported by 40.5%, a minor threat by 27.7%, and no threat by 9.0%.
Compared with June, the share of people reporting a major threat decreased, while the group assessing it as moderate or minor increased.
The survey covered more than 1.300 respondents
The consumer confidence survey was conducted from 6 to 15 July 2026. A total of 1.311 interviews were completed.
The current consumer confidence indicator is the average of assessments of the household’s financial situation, the country’s general economic situation and the possibility of making major purchases.
The leading indicator takes into account expectations concerning households’ future financial situation, the country’s economic situation, unemployment and the possibility of saving money over the next twelve months.
