Poland: Business confidence retreats in September
October 1, 2013
The general business climate index deteriorated in September, falling to minus 1.8 points, according to the Central Statistical Office's Business Tendency Survey (GUS-BTS). The figure was down from the minus 0.5 points registered in August, which was the closest the index had been to the zero-point threshold that separates optimism from pessimism since it fell into pessimistic territory over a year ago.
Businesses were more pessimistic about the current state of their financial situations and about the state of the economy. Moreover, expectations for businesses' future financial situations fell into negative territory and the outlook on the economic situation deteriorated. Businesses were more pessimistic regarding current domestic and foreign orders, although slightly less pessimistic about production as it stands. They also had a less optimistic view of the outlook in those areas. Overall, the September figures suggest a weakening business climate.
FocusEconomics Consensus Forecast panelists expect fixed investment to decline 2.2% in 2013, which is down 0.3 percentage points from last month's estimate. For 2014, FocusEconomics Consensus Forecast panelists see fixed investment expanding 3.1%, which is up 0.1 percentage points from last month's forecast.
Author: Carl Kelly, Economist