Poland Business Confidence October 2016

Poland

Poland: Business confidence falls in October

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). The result marked the worst reading in 9 months. Despite the fall, business confidence in Poland has remained above the zero-point threshold that separates optimism from pessimism since December.

October’s moderation came on the back of a fall in sentiment regarding the present and future general economic situation. In addition, firms were more pessimistic regarding their future financial situation.

FocusEconomics Consensus Forecast panelists expect fixed investment to contract 0.5% in 2016, which is down 0.2 percentage points from last month’s estimate. For 2017, the panel sees fixed investment expanding 4.2%, which is up 0.3 percentage points from last month’s projection.


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Poland Business Confidence October 2016

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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