Business confidence in the manufacturing sector fell in January for the fifth consecutive month. According to the Central Statistical Office's Business Tendency Survey (GUS-BTS), the industry index for the expected general business climate decreased from 1.4 points in December to minus 2.3 points in January and settled below the zero-point threshold, which marks the border between pessimism and optimism, for the first time since December 2009. The deterioration in the sentiment gauge reflects increasing pessimism among businesses regarding the economic outlook over the short run. Survey respondents were particularly concerned about the general economic situation and their ability to pay current debts. On the other hand, businesses were more optimistic regarding expected selling prices of their products. Growing pessimism among businesses may contribute to slowing investment growth in the months ahead.
Poland Business Confidence
Business confidence declines in January
January 27, 2011
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Poland Economic News
October 25, 2016
The manufacturing sector business climate index decreased from 3.3 points in September to 1.0 point in October, according to the Central Statistical Office’s Business Tendency Survey (GUS-BTS).
October 25, 2016
In September, retail sales rose 4.8% over the same month last year, which was below August’s over two-year high of a 5.6% increase.
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.