Poland Business Confidence May 2017

Poland

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.

FocusEconomics Consensus Forecast panelists expect fixed investment to grow 3.7% in 2017, which is up 0.5 percentage points from last month’s estimate. For 2018, the panel sees fixed investment expanding 5.0%.


Author:, Economist

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Poland Business Confidence May 2017

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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