Poland Business Confidence June 2018


Poland: Business confidence drops in June

June 26, 2018

In June, the business tendency indicators released by the Statistical Office (GUS) showed a further moderation in business confidence in the manufacturing sector. May’s business climate indicator dropped from May’s 15.7 to 13.3, the weakest reading of the year but still sharply higher than the indicator’s long-run average. As a result, business confidence remained well above the zero-point mark that distinguishes optimism from pessimism in the manufacturing sector.

June’s deterioration saw weaker assessments of both the current and future economic situation. Although firms viewed current output and order books with more optimism, they took a more downbeat view of each in the future. Meanwhile, firms’ views on both finances and employment worsened in the month.

FocusEconomics Consensus Forecast panelists expect fixed investment to grow 6.0% in 2019, which is unchanged from last month’s estimate. For 2019, the panel sees fixed investment expanding 4.1%.


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Poland Business Confidence Chart

Poland Business Confidence June 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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