Poland Business Confidence May 2021

Poland

Poland: Business confidence rises to over one-year high in May

May 26, 2021

Business confidence rose to minus 0.3 in May from April's minus 4.0. May's result marked the strongest sentiment since February 2020. As such, the index moved closer to the 0-threshold, indicating pessimism among businesses.

May’s improvement was broad-based. Firms’ had better expectations of future order books, and their expectations of future production strengthened compared to the previous month, as did their expectations over their future personal financial situation as well as the future general economic situation. Moreover, firms’ assessment of the current general economic situation, order books, production and personal financial situation also improved in May

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 2.9% in 2021, which is down 0.3 percentage points from last month’s estimate. For 2022, the panel sees fixed investment growth at 7.3%.


Author: Massimo Bassetti, Senior Economist

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Poland Business Confidence May 2021

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: Statistics Poland.


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