Poland Business Confidence


Poland: Business confidence falls to ten-month low in November

November 25, 2014

The general business climate index dropped from 2.1 points in October to 1.7 points in November, according to the Central Statistical Office’s Business Tendency Survey (GUS-BTS). The figure marked the lowest level since January 2014 and is gradually approaching the zero-point threshold that separates optimism from pessimism.

November’s decline was mainly driven by firms’ deteriorating expectations for the general economic situation in the next 12 months, as well as for their future financial situations. Firms also showed more pessimism regarding future order books, production and employment. Conversely, firms were more optimistic regarding their current situations. November’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 forecast.

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Poland Business Confidence Chart

Poland Business Confidence November 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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