Poland Business Confidence July 2016


Business confidence falls to five-month low in July

The manufacturing sector business climate index fell from 5.2 points in June to 3.1 points in July, according to the Central Statistical Office’s Business Tendency Survey (GUS-BTS). Despite the fall, business confidence remains above the zero-point threshold that separates optimism from pessimism.

July’s decrease came on the back of a sharp fall in sentiment regarding the general economic situation. In addition, firms were less optimistic regarding the future economic situation. On a broader scale, the result marks the first post-Brexit economic data for Poland and could reflect the more uncertain European backdrop.

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 2.3% in 2016, which is down 0.6 percentage points from last month’s estimate. For 2017, the panel sees fixed investment expanding 4.5%.

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Poland Business Confidence Chart

Poland Business Confidence July 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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