Poland Business Confidence December 2021

Poland

Poland: Business sentiment slumps further into pessimistic territory in December

December 23, 2021

Business confidence came in at minus 12.2 in December, down from November's minus 10.5. December's result marked the weakest sentiment in a year. As a result, the index remained entrenched below the 0-threshold, indicating that businesses were pessimistic.

December’s deterioration was largely attributed to firms’ markedly more pessimistic assessment of the current economic situation, while their appraisal of current orderbooks and production also grew more pessimistic. With regards to expectations, businesses turned more negative over future production, while expectations over orderbooks and employment turned bleaker compared to the prior month. Moreover, expectations for the future general economic situation grew more pessimistic.

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 6.7% in 2022, which is down 0.1 percentage points from last month’s estimate. For 2023, the panel sees fixed investment growth at 6.4%.


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Poland Business Confidence December 2021

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: Statistics Poland.


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