Poland: Business confidence dips further in November
November 25, 2011
According to the Central Statistical Office's Business Tendency Survey (GUS-BTS), the general business climate index fell from minus 1.1 points in October to minus 4.2 points in November. As a result, the index remained below the zero-point threshold separating pessimism from optimism for the second consecutive month, indicating that pessimists outnumbered optimists. Compared to the same period last year, business confidence was 6.9 points lower. In general, businesses were mostly concerned about employment prospects as well as expected domestic and foreign order books. On the other hand, businesses were most optimistic regarding the development of future prices for their products.