Poland Business Confidence July 2017

Poland

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.

FocusEconomics Consensus Forecast panelists expect fixed investment to grow 4.3% in 2017, which is unchanged from last month’s estimate. For 2018, the panel sees fixed investment expanding 5.7%.


Author:, Economist

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Poland Business Confidence July 2017

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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