Poland: Business confidence recovers further in February
February 25, 2019
Manufacturing-sector business confidence recovered further in February, according to the business tendency indicators released by the Central Statistical Office (GUS). February’s business climate indicator rose to 7.3 from 6.4 in January, roughly in-line with the indicator’s long-run average. Although business confidence has deteriorated significantly since mid-2018, the indicator has remained above the zero-point mark that distinguishes optimism from pessimism in the manufacturing sector.
February’s improvement was exclusively due to firms’ growing optimism toward the short-term. Notably, firms’ forward-looking views on the general economic situation bounced back, in line with strong recoveries for both output and order-book prospects. Employment prospects, meanwhile, dipped somewhat. Conversely, firms’ assessments of the present fell moderately as concerns arose over unfilled order books and, in turn, more perilous finances.
Poland Fixed Investment Forecast
FocusEconomics Consensus Forecast panelists expect fixed investment to grow 6.1% in 2019, which is unchanged from last month’s estimate. For 2020, the panel sees fixed investment growing 4.5%.