Poland: Business confidence declines sharply in September
September 27, 2012
According to the Central Statistical Office's Business Tendency Survey (GUS-BTS), the general business climate index fell to minus 6.1 points in September, down from the minus 2.8 points seen in August. Consequently, the index remained below the zero-point threshold that separates pessimism from optimism for the third month in a row. Moreover, at the current level, business confidence is now 7.2 points below the level observed in the same period last year. In general, businesses were mostly pessimistic about their ability to pay current debts as well as their domestic and foreign order books. On the other hand, respondents were mostly optimistic regarding expected selling prices of their products.