Poland: Business confidence reaches 30-month high
February 24, 2014
The general business climate index improved again in February and rose to 2.5 points according to the Central Statistical Office's Business Tendency Survey (GUS-BTS). The figure was up from the 0.5 points registered in January and marked the highest point since August 2011. Last month the index crossed the zero-point threshold that separates optimism from pessimism after having been below zero since July 2012.
February's rise in confidence was driven by an improvement in expectations for future conditions. Firms' expectations regarding the general economic situation rose significantly and their outlook regarding their future financial situations jumped into positive territory. In contrast, businesses were somewhat more pessimistic about their current economic and financial situations. Overall, the February survey suggests that firms have a much more positive outlook regarding the business environment they will be operating in in the coming months.
FocusEconomics Consensus Forecast panelists expect fixed investment to expand 3.7% in 2014, which is up 0.4 percentage points from last month's estimate. For 2015, the panel sees fixed investment expanding 6.0%.
Author: Carl Kelly, Economist