Business Confidence in Poland increased to -6.60 points in August from -10.50 points in July of 2020.
Business Confidence in Poland averaged 3.41 points from 1993 until 2020, reaching an all time high of 24.90 points in May of 2007 and a record low of -44.20 points in April of 2020. This page provides the latest reported value for - Poland Business Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Poland Business Confidence - values, historical data and charts - was last updated on October of 2020. source: Central Statistical Office of Poland (GUS)
Business Confidence in Poland is expected to be -8.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Poland to stand at -6.20 in 12 months time. In the long-term, the Poland Business Confidence is projected to trend around -7.00 points in 2021 and -3.00 points in 2022, according to our econometric models.
Poland Business Confidence
In Poland, business tendency survey in manufacturing is based on a survey of 3500 companies producing consumer, investment and supply goods. The business tendency questionnaires contain questions related to the basic features of the economic situation in industry: general economic situation of the company, order-books, production, stocks, financial situation, employment, prices, production capacity, capacity utilization, duration of assured production, limits to activity, competitive position. On the basis of gathered replies indicators are calculated. These indicators are weighted by the value of sold production of manufacturing in current prices and their range varies from -100 to +100. Positive value means good business situation, negative – bad one. Increase (decrease) of indicator means improving (worsening) of the business situation from the enterprises point of view.