Poland Business Confidence November 2021

Poland

Poland: Business sentiment hits 11-month low, turns more pessimistic in November

November 25, 2021

Business confidence tumbled to minus 10.5 in November from minus 6.3 in October. November’s result marked the worst reading since December 2020. As a result, the index still lies below the 0-threshold, and indicated increased pessimism among businesses.

October’s deterioration was largely attributed to firms’ markedly more pessimistic assessment of the current economic situation, while their appraisal of current orderbooks and production also grew more pessimistic. With regards to expectations, businesses turned more negative over future production, while expectations over orderbooks and employment turned bleaker compared to the prior month. Moreover, expectations for the future general economic situation grew more pessimistic.

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 6.7% in 2022, which is down 0.1 percentage points from last month’s estimate. For 2023, the panel sees fixed investment growth at 6.4%.


Author:, Economist

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Poland Business Confidence November 2021 0

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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