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Poland Business Confidence April 2020

Poland: Coronavirus crisis strikes historic blow to business sentiment in April

Manufacturing-sector business confidence collapsed in April, sunk by the health and economic crisis unleashed by Covid-19 associated containment measures. According to the business tendency indicator released by Statistics Poland. March’s business climate indicator tumbled to an all-time low of minus 44.2 from minus 1.1 in March. The indicator thus plummeted further below the zero mark that distinguishes pessimism from optimism in the manufacturing sector.

April’s plunge was broad-based. Businesses’ assessment of current general economic situation, order books, production levels and of their financial situation dived into negative terrain. Moreover, their expectations regarding the future general economic situation, employment, production levels and orders books all stumbled.

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