Poland Business Confidence August 2020

Poland

Poland: Business confidence improves but remains in negative territory in August

August 25, 2020

Manufacturing-sector business confidence came in at minus 6.6 in August, up from July's minus 10.5. August's result marked the best reading since March. Despite the uptick, the index remained below the 0-threshold and indicated continued pessimism among businesses.

August’s improvement largely reflected firms’ less pessimistic assessments of the current general economic situation, orders books, production levels and their financial situation. Moreover, their future expectation of employment and production levels also turned less negative. However, firms’ appraisal of the future general economic situation as well as their expectations for order books, and their financial situation all worsened compared to the previous month.

FocusEconomics Consensus Forecast panelists expect fixed investment to fall 7.2% in 2020, which is down 3.1 percentage points from last month’s estimate. For 2021, the panel sees fixed investment expanding 4.9%.


Author:, Economist

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Poland Business Confidence August 20 20

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: Statistics Poland.


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