Poland Business Confidence July 2021

Poland

Poland: Business confidence drops to three-month low in July

July 23, 2021

Business confidence fell to minus 1.4 in July from June's minus 0.6 result, marking the worst reading in three months. As a result, the index dropped below the 0-threshold, separating pessimism from optimism among businesses.

July’s reading largely reflected deterioration in firms’ expectations over the future general economic situation, future production and future orderbooks. Moreover, their perception over their future personal financial situation turned somewhat more pessimistic compared to the previous month. Meanwhile, firms’ appraisal over their current orderbooks and production turned pessimistic in July.

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 7.8% in 2021, which is up 5.7 percentage points from last month’s estimate. For 2022, the panel sees fixed investment growth at 6.8%.


Author:, Economist

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Poland Business Confidence July 2021

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: Statistics Poland.


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