Poland: Business confidence eases in January
Business confidence came in at minus 12.4 in January, slightly down from December’s minus 12.2 and thus marking the weakest sentiment since December 2020. Consequently, the index remained entrenched below the 0-threshold, signaling sustained pessimism among businesses.
January’s deterioration was largely attributed to firms’ markedly more pessimistic assessment of the current economic situation, while their appraisal of current orderbooks and production also grew notably more pessimistic. With regards to expectations, businesses turned less negative over future production, while expectations over orderbooks and employment were slightly less bleak compared to the prior month. Moreover, expectations for the future general economic situation grew less pessimistic.