Poland: Business confidence hits six-month high in February
February 24, 2015
The general business climate index increased from 2.0 points in January to 3.5 points in February, according to the Central Statistical Office’s Business Tendency Survey (GUS-BTS). February’s result marked the highest reading in six months. Business confidence is resting comfortably above the zero-point threshold that separates pessimism from optimism.
February’s 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 markedly. Firms continued to be pessimistic regarding employment prospects, although they were significantly less pessimistic than in the previous month.