Poland Business Confidence September 2018

Poland

Poland: Business confidence erodes further in September

September 25, 2018

In September, the business tendency indicators released by the Central Statistical Office (GUS) showed a further moderation in business confidence in the manufacturing sector. September’s business climate indicator dropped from 9.9 in August to 8.8, 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.

September’s deterioration saw weaker assessments of both the current and future economic situation. Most pressingly, firms’ views on their future output, order books and employment were hit. Moreover, assessments of their future financial situation became less rosy. On the other hand, firms became more upbeat on current business prospects.

FocusEconomics Consensus Forecast panelists expect fixed investment to grow 7.9% in 2019, which is unchanged from last month’s estimate. For 2019, the panel sees fixed investment expanding 4.7%, also unchanged from last month’s forecast.


Author:, Economist

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Poland Business Confidence September 2018 0

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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