Poland Business Confidence


Business confidence declines sharply in September

According to the Central Statistical Office's Business Tendency Survey (GUS-BTS), the general business climate index fell to minus 6.1 points in September, down from the minus 2.8 points seen in August. Consequently, the index remained below the zero-point threshold that separates pessimism from optimism for the third month in a row. Moreover, at the current level, business confidence is now 7.2 points below the level observed in the same period last year. In general, businesses were mostly pessimistic about their ability to pay current debts as well as their domestic and foreign order books. On the other hand, respondents were mostly optimistic regarding expected selling prices of their products.


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Poland Business Confidence Chart

Poland Business Confidence September 2012

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).

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