Business climate down in Polish manufacturing and trade, up in construction in July

By bne IntelliNews July 23, 2014

Business tendency surveys carried out in July by the national stats office GUS showed a slight worsening in the business climate of the manufacturing sector (down by 2pts m/m to +5pts), as well as in the retail trade sector (down by 0pts to 0pts) and improvement - in the construction sector (up by 1pt to -4pts).

In the manufacturing sector, assessments and forecasts in respect of current production levels as well as forecasts concerning order books are optimistic, though more cautious than a month before. Current order books are being slightly trimmed down. Current financial standing continues to be assessed negatively, while forecasts are less optimistic than a month ago.

In the construction sector, current assessments concerning order books, output levels and financial standings are slightly less negative than a month earlier. In the next three months, order books and output may rise slightly more slowly than expected in June. Forecasts on financial standing are slightly pessimistic compared to optimistic views expressed last month, GUS also reported.

In retail trade, current assessments of sales are negative and worse than in June, with forecasts still optimistic, though less than a month before. Assessments and forecasts concerning financial standings are more pessimistic than last month. Prices are still expected to grow slightly. 

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