Poland: Business confidence dips in December
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.