Poland: Business confidence declines in July
July 25, 2017
In July, the manufacturing sector business climate index ticked down to 7.4 points from 7.5 points in June, according to the Business Tendency Survey released by the Central Statistical Office (GUS-BTS). Despite the slight drop, business confidence remains firmly above the zero-point mark that separates optimism from pessimism.
This month’s deterioration was caused by a more pessimistic outlook on current domestic and foreign orders, the expected general economic situation, the forecasted financial situation and the outlook for future orders. Partially offsetting the deterioration was a more favorable perspective on the current economic situation and employment expectations compared to June’s report.
Author: Lindsey Ice, Economist