Poland Business Confidence March 2019


Poland: Business confidence dips slightly in March

March 25, 2019

Manufacturing-sector business confidence lost some ground in March, according to the business tendency indicators released by the Central Statistical Office (GUS). March’s business climate indicator dipped to 6.8 from 7.3 in February, roughly in-line with the indicator’s long-run average. Although business confidence has deteriorated significantly since mid-2018, the indicator has remained above the zero-point mark that distinguishes optimism from pessimism in the manufacturing sector.

March’s moderation was due to firms’ declining optimism regarding the current general economic and financial situation. On the other hand, firms’ forward-looking views on the general economic situation jumped, in line with sizable gains for output and order-book prospects, as well as with firms’ more optimistic expectations of the future financial situation. Employment prospects, meanwhile, improved somewhat. Moreover, firms’ assessments of present production levels get rosier, as did their assessments of their current order books.

FocusEconomics Consensus Forecast panelists expect fixed investment to grow 6.1% in 2019, which is unchanged from last month’s estimate. For 2020, the panel sees fixed investment growing 4.5%.

Author: Massimo Bassetti, Senior Economist

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Poland Business Confidence Chart

Poland Business Confidence March 2019 0

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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