Deloitte's Business Sentiment Index for Poland down by 16pts q/q to 118pts.

By bne IntelliNews October 27, 2011
Poland, which historically has had the most optimistic executives of the countries surveyed in Deloitte's Business Sentiment Index, reports a significant fall in sentiment with its composite index now down by 16 points to 118, the same level as when the Index's publication started two years ago, advisory Deloitte has said in a report. The survey shows that 62% of Polish managers expect the economic situation to deteriorate slightly, while 31% of them see no major changes, and 7% expect an improvement. The surveyed was carried out among directors of 185 biggest firms in Poland, the Czech republic, Slovakia, Romania and Hungary, from mid-August to mid-September, 2011. Overall, executives in Central Europe have lost confidence in any sustained recovery in the region due to the European sovereign debt crisis and inertia in the EU, Deloitte concluded.

Deloitte's Business Sentiment Index for Poland down by 16pts q/q to 118pts.

Related Articles

EC refers Poland to court for delay on renewable energy rules.

The European Commission is referring Poland (and Cyprus) to the Court of Justice of the European Union for failing to fully transpose EU's Renewable Energy Directive, according to the ... more

ZEW Economic Sentiment Indicator for Poland surges to 42.9pts in February.

The ZEW-Erste Group Bank Economic Sentiment Indicator for Poland (economic expectations) surged by 22.3pts m/m to 42.9pts in February, according to a report by the Center for European Economic ... more

FinMin: Poland to inject EUR 5.5bn of FX reserves to ECB upon euro-zone entry.

When Poland joins the euro-zone, it will have to transfer EUR 5.47bn of its foreign-currency reserves to the European Central Bank, according to a statement by the ministry of finance. The ... more