Poland Business Confidence December 2019


Poland: Business sentiment falls to six-year low in December

January 2, 2020

Manufacturing-sector business confidence fell again in December, according to the business tendency indicator released by Statistics Poland. December’s business climate indicator dropped to minus 4.9 from minus 3.3 in November. The indicator thus fell further below the zero mark that distinguishes pessimism from optimism in the manufacturing sector.

December’s slump came on the back of a broad-based deterioration in businesses’ expectations of future conditions and their assessment of current conditions. Firms’ expectations regarding the future general economic situation, production levels, orders books and employment declined. Moreover, firms’ assessment of the current general economic situation and production levels moved into pessimistic territory, while their view of order books and their financial situation worsened.

FocusEconomics Consensus Forecast panelists expect fixed investment to increase 4.6% in 2020, which is unchanged from last month’s estimate. For 2021, the panel sees fixed investment expanding 3.7%.

Author: Massimo Bassetti, Senior Economist

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Poland Business Confidence Chart

Poland Business Confidence December 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: Statistics Poland.

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