Poland: Business sentiment ticks up in November

Business confidence rose to minus 20.6 in November from October's minus 21.1, which had marked the worst reading since May 2020. However, the index remained entrenched below the 0-threshold, indicating pronounced pessimism among businesses.

Businesses’ expectations turned more negative over future production, orderbooks, the future general economic situation and their financial situation. Moreover, firms turned more downbeat regarding their current production and order books.

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 6.3% in 2023, which is up 0.1 percentage points from last month’s estimate. For 2024, the panel sees fixed investment growth at 5.9%.