Poland: Business confidence ticks up in January
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.