Poland: Business confidence falls to five-month low in July
July 25, 2016
The manufacturing sector business climate index fell from 5.2 points in June to 3.1 points in July, 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.
July’s decrease came on the back of a sharp fall in sentiment regarding the general economic situation. In addition, firms were less optimistic regarding the future economic situation. On a broader scale, the result marks the first post-Brexit economic data for Poland and could reflect the more uncertain European backdrop.