Poland Business Confidence


Business confidence improves slightly in August

According to the Central Statistical Office's Business Tendency Survey (GUS-BTS), in August, the general business climate index rose to minus 2.8 points, up from the minus 3.1 points seen in July. Consequently, the index remained below the zero-point threshold that separates pessimism from optimism for the second month in a row. Moreover, at the current level, business confidence is now 5.8 points below the level observed in the same period last year. In general, businesses were mostly pessimistic about the expected level of unemployment as well as their ability to pay current debts. On the other hand, respondents were mostly optimistic regarding their expected foreign order-books.


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Poland Business Confidence Chart

Poland Business Confidence August 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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