Poland: Business confidence improves slightly in August
August 24, 2012
According to the Central Statistical Office's Business Tendency Survey (GUS-BTS), in August, the general business climate index rose to minus 2.8 points, up from the minus 3.1 points seen in July. Consequently, the index remained below the zero-point threshold that separates pessimism from optimism for the second month in a row. Moreover, at the current level, business confidence is now 5.8 points below the level observed in the same period last year. In general, businesses were mostly pessimistic about the expected level of unemployment as well as their ability to pay current debts. On the other hand, respondents were mostly optimistic regarding their expected foreign order-books.