Poland: Business confidence falls in October
October 25, 2016
The manufacturing sector business climate index decreased from 3.3 points in September to 1.0 point in October, according to the Central Statistical Office’s Business Tendency Survey (GUS-BTS). The result marked the worst reading in 9 months. Despite the fall, business confidence in Poland has remained above the zero-point threshold that separates optimism from pessimism since December.
October’s moderation came on the back of a fall in sentiment regarding the present and future general economic situation. In addition, firms were more pessimistic regarding their future financial situation.