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Poland: Business confidence surges to over nine-year high

Staff Writer |
In January, the manufacturing sector business climate in Poland jumped from 3.5 in December to 16.5, according to the Business Tendency Survey released by the Central Statistical Office (GUS-BTS).

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The print marked the highest reading since June 2008. As a result, business confidence moved further above the zero-point mark that separates optimism from pessimism in the manufacturing sector.

January’s reading was due to a broad-based improvement in all components of the index. Those surveyed had a more optimistic assessment of current production levels and the current economic and financial situation.

They also grew far more optimistic about future production levels and their perspectives on employment also strengthened strongly.

FocusEconomics Consensus Forecast panelists expect fixed investment to grow 6.0% in 2019, which is unchanged from last month’s estimate. For 2019, the panel sees fixed investment expanding 4.1%.

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