Poland: Business confidence dips in December
December 22, 2017
In December, the manufacturing sector business climate dropped from 4.6 in November to 3.5, according to the Business Tendency Survey released by the Central Statistical Office (GUS-BTS). However, business confidence still remained healthily above the zero-point mark that separates optimism from pessimism in the manufacturing sector.
December’s reading was due to a broad-based deterioration in all components of the index. Particularly, those surveyed had a less optimistic assessment current economic situation and their assessment of the current financial situation swung from positive to slightly negative. Moreover, assessment of current domestic and foreign orders and production weakened but remained positive. Furthermore, perspectives on the outlook for the general economic situation, and domestic and export orders also deteriorated, despite remaining broadly positive. Lastly, expectations on future production and financial situation turned pessimistic.