The general business climate index improved again in March and rose to 5.1 points according to the Central Statistical Office's Business Tendency Survey (GUS-BTS). The figure was up from the 2.5 points registered in February and marked the highest point since September 2010. The index crossed the zero-point threshold that separates optimism from pessimism in January after having been below zero since July 2012. March's rise in confidence was driven by an improvement in expectations for future conditions. Firms' expectations regarding the general economic situation and their outlook regarding their future financial situations improved relative to February. Expectations regarding future production and order books also increased. Businesses were somewhat less pessimistic about their current and financial situations. Overall, the March survey suggests that firms have a positive outlook regarding the business environment in which they will be operating in the coming months. FocusEconomics Consensus Forecast panelists expect fixed investment to expand 3.7% in 2014, which is up 0.4 percentage points from last month's estimate. For 2015, the panel sees fixed investment expanding 6.0%.
Poland Business Confidence
Business confidence climbs to three-and-a-half-year high in March
March 25, 2014
Author: Carl Kelly, Economist
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Poland Business Confidence Chart
Note: Value of month-on-month business confidence index. An index value above 0 indicates a positive assessment of the business climate while a value below 0 indicates a negative assessment.
Source: Central Statistical Office (GUS).
Poland Economic News
October 19, 2016
In September, industrial production expanded 3.2% over the same month last year, which was notably below the 7.5% expansion recorded in August.
October 12, 2016
According to the Central Statistical Office (GUS), consumer prices recorded flat growth over the previous month in September, which followed the 0.2% decrease recorded in August.
October 5, 2016
As anticipated by market analysts, the National Bank of Poland (NBP) decided to keep the reference rate at the record low of 1.50% at its 4–5 October monetary policy meeting.
October 3, 2016
The Manufacturing Purchasing Managers’ Index (PMI) rose from August’s 51.5 to a six-month high of 52.2 in September, according to IHS Markit.
September 30, 2016
According to a preliminary estimate released by the Central Statistical Office (GUS) on 30 September, consumer prices recorded flat growth over the previous month in September, which followed the 0.2% fall recorded in August. In annual terms, consumer prices dropped 0.5% in September, which was a less pronounced decline than the 0.8% fall recorded in August.