Poland Business Confidence

Poland

Poland: Business confidence reaches nine-month low in October

October 22, 2015

The manufacturing sector business climate index decreased from 3.2 points in September to 3.0 points in October, which represented a nine-month low, according to the Central Statistical Office’s Business Tendency Survey (GUS-BTS). Despite the fall, business confidence rests above the zero-point threshold that separates optimism from pessimism.

October’s decrease reflected deteriorations in four of the nine sub-categories that comprise the index. In particular, the largest decreases were recorded in expected domestic and foreign order books as well as in expected production.

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 7.5% in 2015, which is up 0.1 percentage points from last month’s estimate. For 2016, the panel sees fixed investment expanding 6.2%, which is down 0.3 percentage points from last month’s projection.


Author:, Economist

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Poland Business Confidence October 2015

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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