Poland: Business confidence jumps to highest point since April 2012
January 30, 2014
The general business climate index improved notably in January and rose to 0.5 points according to the Central Statistical Office's Business Tendency Survey (GUS-BTS). The figure was up from the minus 6.4 points registered in December and marked the highest point in 21 months. Moreover, the index, which fell into pessimistic territory in July 2012 and had remained there ever since, finally crossed the zero-point threshold that separates optimism from pessimism.
Businesses were much less pessimistic regarding their current economic situations and somewhat less pessimistic in terms of their current financial situations. Firm's expectations regarding their general economic situations jumped into positive territory in January. Their outlook regarding their future financial situations also improved compared to the previous month. Overall, the January survey suggests that firms have a much more positive outlook regarding both the current business environment and the conditions for the future.
FocusEconomics Consensus Forecast panelists expect fixed investment to expand 3.7% in 2014, which is up 0.4 percentage points from last month's estimate. For 2015, the panel sees fixed investment expanding 6.0%.
Author: Carl Kelly, Economist