Poland Business Confidence February 2021

Poland

Poland: Business confidence improves in February, but remains pessimistic

February 23, 2021

Business confidence rose to minus 8.3 in February from January's minus 9.9. Consequently, the index moved closer to the 0-threshold, but still indicated pessimism among businesses.

February’s improvement largely reflected firms’ less pessimistic expectations of the future general economic situation, production levels, order books, employment as well as their future personal financial situation. That said, manufacturers’ views of the current general economic situation, production levels, order books and financial situation deteriorated compared to the previous month.

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 3.3% in 2021, which is up 0.3 percentage points from last month’s estimate. For 2022, the panel sees fixed investment growth at 6.2%.


Author:, Economist

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Poland Business Confidence February 2021

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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