Poland: Business sentiment weakens in February
Manufacturing-sector business confidence lost some ground in February, according to the business tendency indicator released by Statistics Poland. February’s business climate indicator dropped to plus 1.6 from plus 3.2 in January. The indicator nonetheless remained above the zero mark that distinguishes optimism from pessimism in the manufacturing sector.
February’s weakening came on the back of a deterioration in businesses’ assessment of current conditions more than offsetting an improvement in their expectations of future conditions. Firms’ assessment of the current general economic situation weakened although remained in optimistic territory. Moreover, companies’ assessments of their order books and financial situation deteriorated, moving further into pessimistic terrain. On the flip side, firms’ expectations regarding the future general economic situation, employment, production levels and orders books all strengthened, with the latter two moving from negative to positive territory.