Poland Business Confidence December 2016

Poland

Poland: Business confidence plummets in December

December 23, 2016

The manufacturing sector business climate index decreased from minus 1.8 points in November to minus 2.6 points in December, according to the Central Statistical Office’s Business Tendency Survey (GUS-BTS). The result marked the worst reading in three years. Business confidence lies below the zero-point threshold that separates pessimism from optimism.

December’s deterioration came on the back of a fall in sentiment regarding the future general economic situation and the outlook for firms’ financial situation. In addition, the outlook for both employment and production worsened.

FocusEconomics Consensus Forecast panelists expect fixed investment to grow 3.2% in 2017, which is down 0.7 percentage points from last month’s estimate. For 2018, the panel sees fixed investment expanding 4.8%.


Author: Angela Bouzanis, Senior Economist

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Poland Business Confidence Chart


Poland Business Confidence December 2016

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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