Poland: Businesses remain upbeat in February
In February, sentiment in the manufacturing sector remained broadly unchanged, according to the Business Tendency Survey released by the Central Statistical Office (GUS-BTS). The business climate indicator dipped slightly from January’s over nine-year high of 16.5 to 16.2, the second-highest reading since June 2008. As a result, business confidence remained comfortably above the zero-point mark that separates optimism from pessimism in the manufacturing sector.
February’s reading was the result of a slight, but broad-based, deterioration in assessments of current economic conditions, which more than offset an improvement in expected future economic conditions. Respondents had a less optimistic assessment of the current economic and financial situations. On the other hand, they grew more optimistic about the future economic situation and production levels.