Poland Business Confidence

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Poland: Business confidence inches down in June on slightly less positive outlook

May 27, 2014

The general business climate index decreased in June to 6.8 points according to the Central Statistical Office’s Business Tendency Survey (GUS-BTS). The figure was down just slightly from the 6.9 points registered in May. Nevertheless, the index is still above the zero-point threshold that separates optimism from pessimism, where it has remained since January.

June’s minute drop in confidence was driven by moderate declines across most of the forward-looking categories that make up the index, including a weakening in firms’ expectations regarding their future economic situations and their outlook in terms of the financial situation in the coming months. Expectations regarding future production, order books and employment also tallied declines. In contrast, firms’ perceptions of their current general economic and financial situations registered slight improvements. Overall, the June survey suggests that firms have a slightly less positive outlook regarding the business environment in which they will be operating in the coming months.

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 4.1% in 2014, which is up 0.1 percentage points from last month’s estimate. For 2015, the panel sees fixed investment expanding 6.4%.


Author:, Economist

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Poland Business Confidence June 2014

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: Central Statistical Office (GUS).


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