Poland: Business confidence hits nine-month high in March
March 24, 2015
The general business climate index increased from 3.5 points in February to 6.3 points in March, according to the Central Statistical Office’s Business Tendency Survey (GUS-BTS). March’s result marked the highest reading in nine months. Business confidence is comfortably above the zero-point threshold that separates pessimism from optimism.
March’s notable increase reflected an improvement in firms’ expectations for the general economic situation in the next 12 months, as well as for their own financial situations. Expectations for future production as well as for domestic and foreign order books also improved significantly. Firms’ outlook regarding employment prospects reached the highest point in ten months.