Poland: Business confidence edges down in May
May 25, 2016
The manufacturing sector business climate index fell from 5.4 points in April to 5.0 points in May, according to the Central Statistical Office’s Business Tendency Survey (GUS-BTS). Despite the fall, business confidence remains above the zero-point threshold that separates optimism from pessimism.
May’s decrease reflected deterioration across the majority of categories that comprise the index. Firms’ were less optimistic regarding the future general economic situation and employment prospects.