Poland Business Confidence January 2019


Poland: Business confidence ticks up in January

January 24, 2019

Manufacturing-sector business confidence recovered somewhat in January, according to the business tendency indicators released by the Central Statistical Office (GUS). January’s business climate indicator rose to 6.4 from 5.3 in December 2018, 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.

January’s improvement was nearly broad-based and, notably, firms grew more optimistic on output and on the economic situation—both current and over short-term. Optimism also grew over short-term order-book and employment prospects. On the flipside, firms grew downbeat on their current financial prospects.

FocusEconomics Consensus Forecast panelists expect fixed investment to grow 6.0% in 2019, which is up 0.7 percentage points from last month’s estimate. For 2020, the panel sees fixed investment growing 4.4%.


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Poland Business Confidence Chart

Poland Business Confidence January 2019

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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