Poland: Business confidence rises to six-month high but remains in negative territory in March
March 23, 2021
Manufacturing-sector business confidence came in at minus 6.6 in March, up from February's minus 8.3, marking the best result since September 2020. As such, the index moved closer to the 0-threshold, but still indicated pessimism among businesses.
March’s improvement largely came on the back of firms’ positive expectations of future production levels and employment. Moreover, their expectations of the future general economic conditions, order books, as well as their personal financial situation turned less pessimistic. In addition, firms’ current views of production, order books and their personal financial situation also improved.
Author: Hanna Andersson, Economist