Poland skyline at golden hour

Poland Business Confidence March 2020

Poland: Coronavirus fears sap business sentiment in March

Manufacturing-sector business confidence lost ground in March, dragged down by concerns associated to the economic impact of coronavirus, according to the business tendency indicator released by Statistics Poland. March’s business climate indicator dropped to minus 1.1 from plus 1.6 in February. The indicator thus moved below the zero mark that distinguishes pessimism from optimism in the manufacturing sector.

March’s drop came on the back of a deterioration in businesses’ expectations of future conditions more than offsetting an improvement in their assessment of current conditions. Firms’ expectations regarding the future general economic situation, employment, production levels and orders books all weakened, with the latter two moving from positive to negative territory. On the flip side, firms’ assessment of the current general economic situation moved further into optimistic territory. Moreover, companies’ assessments of their order books and production levels got less gloomy, although firms’ assessments of their financial situation deteriorated.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest X Download Fullscreen