Poland: Economic sentiment deteriorates in May
Latest reading: Economic sentiment fell to 100.3 in May from April’s 100.9. However, the index remained above the long-term average of 100, pointing to a positive near-term outlook for the economy.
The headline print reflected declining sentiment in the industrial and construction sectors. Moreover, confidence in the services sector deteriorated in May. On the other hand, sentiment in the retail sector and consumer confidence improved in May.
Relating to indicators that are not used to calculate the index, employment expectations were healthier, while the economic uncertainty index fell in May.