Poland Business Confidence December 2018


Poland: Business confidence dips in December

December 21, 2018

Manufacturing-sector business confidence notched down in December, according to the business tendency indicators released by the Central Statistical Office (GUS). December’s business climate indicator fell to 5.3 from 6.1 in November, roughly in-line with the indicator’s long-run average. Despite this, business confidence remained above the zero-point mark that distinguishes optimism from pessimism in the manufacturing sector.

December’s deterioration was nearly broad-based and, notably, firms grew pessimistic on their ability to secure new business. In turn, firms were less upbeat on output and employment. On the flipside, firms’ assessment of the current economic situation ticked up—the only category to do so.

FocusEconomics Consensus Forecast panelists expect fixed investment to grow 5.9% in 2019, which is up 0.6 percentage points from last month’s estimate. For 2020, the panel sees fixed investment expanding 4.7%.


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Poland Business Confidence Chart

Poland Business Confidence December 2018

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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