Poland: Business confidence reaches ten-month low in November
November 25, 2015
The manufacturing sector business climate index decreased from 3.0 points in October to 2.5 points in November, which represented a 10-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.
November’s decrease reflected deteriorations in six of the nine sub-categories that comprise the index. In particular, the largest decreases were recorded in expected production, as well as anticipated domestic and foreign order books.
Author: Eric Denis , Economist