Poland: Business confidence drops in May
May 25, 2017
In May, the manufacturing sector business climate index decreased from April’s multi-year high of 9.6 points to 8.1 points in May, according to the Business Tendency Survey released by the Central Statistical Office (GUS-BTS). Despite the drop, business confidence remains firmly above the zero-point mark that separates optimism from pessimism.
The deterioration in sentiment among businesses in May was broad-based. The worsening picture was primarily led by significant decreases in the current production levels and ongoing domestic and foreign orders. Looking ahead, the forecast for production and the general economic situation dropped markedly compared to April.
Author: Jan Lammersen, Economist