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.