According to the Central Statistical Office's Business Tendency Survey (GUS-BTS), the general business climate index fell to minus 10.7 points in October, down from the minus 6.1 points seen in September, thus reaching the lowest level in 43 months. As a result, the index remained below the zero-point threshold that separates pessimism from optimism for the fourth month in a row. Moreover, at the current level, business confidence is now 9.6 points below the level observed in the same period last year. In general, businesses were mostly pessimistic about their domestic and foreign order books as well as their expected ability to pay current debts. On the other hand, respondents were mostly optimistic regarding the expected selling prices of their products.
Poland Business Confidence
Business confidence drops to lowest level in more than three years
October 26, 2012
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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.