Poland Business Confidence September 2020


Poland: Business confidence improves in September, but remains in pessimistic territory

September 23, 2020

Manufacturing-sector business confidence came in at minus 6.2 in September, up from August's minus 6.6. September's result marked the strongest sentiment since March. Consequently, the index moved closer to the 0-threshold, but still indicated pessimism among businesses.

September’s improvement chiefly reflected firms’ less negative assessment of the current general economic situation as well as of their personal financial situation. Moreover, their future expectation of employment also turned less pessimistic. That said, firms’ appraisal of the future general economic situation, production levels, order books and their financial situation all worsened compared to the previous month. Their perception of current order books and production levels also deteriorated from August.

FocusEconomics Consensus Forecast panelists expect fixed investment to fall 8.6% in 2020, which is unchanged from last month’s estimate. For 2021, the panel sees fixed investment expanding 5.4%, which is down 0.6 percentage points from last month’s estimate.

Author:, Economist

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Poland Business Confidence Chart

Poland Business Confidence September 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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