Poland Business Confidence


Poland: Business confidence falls to nine-month low in October

October 28, 2014

The general business climate index dropped from 2.7 points in September to 2.1 points in October, according to the Central Statistical Office’s Business Tendency Survey (GUS-BTS). The figure marked the lowest level since January 2014, although the index is still above the zero-point threshold that separates optimism from pessimism.

October’s fall was driven by firms’ deteriorating expectations for the general economic situation in the next 12 months, as well as for their future financial situations, and for their future domestic and foreign order books. Firms were also more pessimistic in terms of both future production and employment. Conversely, businesses’ perceptions of their current situations improved somewhat compared to last month. October’s result continued the nearly-uninterrupted downward trend that began in April 2014.

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 6.7% in 2014, which is unchanged from last month’s estimate. For 2015, the panel sees fixed investment expanding 6.0%, which is also unchanged from last month’s estimate.

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Poland Business Confidence Chart

Poland Business Confidence October 2014

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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