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.
Author: Eric Denis , Economist