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.
Author: Carl Kelly, Economist