Poland Business Confidence May 2018

Poland

Poland: Business confidence ticks down in May

May 25, 2018

In May, the business tendency indicators released by the Statistical Office (GUS) showed a further moderation in business confidence in the manufacturing sector. May’s business climate indicator dropped from April’s 16.8 to 15.7, the weakest reading of the year but still sharply higher than the indicator’s long-run average. As a result, business confidence remained well above the zero-point mark that distinguishes optimism from pessimism in the manufacturing sector.

May’s broad-based deterioration saw weaker assessments of both the current and future economic situation. Across each timeframe, firms grew less optimistic about the economy, their order books and output. Meanwhile, firms’ views on both finances and employment worsened in the month.

FocusEconomics Consensus Forecast panelists expect fixed investment to grow 6.0% in 2019, which is unchanged from last month’s estimate. For 2019, the panel sees fixed investment expanding 4.1%.


Author:, Economist

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Poland Business Confidence Chart


Poland Business Confidence May 2018

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: Central Statistical Office (GUS).


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