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