Poland: Business confidence falls in June
June 24, 2015
The manufacturing sector business climate index fell from 7.5 points in May to 6.1 points in June, according to the Central Statistical Office’s Business Tendency Survey (GUS-BTS). Nevertheless, business confidence remains comfortably above the zero-point threshold that separates optimism from pessimism.
June’s moderation reflected a decrease in eight out of 10 sub-categories that comprise the index. The largest decreases were recorded in future financial situation and future production. Conversely, firms’ expectations regarding the general economic situation and current production improved slightly.
Author: Eric Denis , Economist