Poland's business climate dips across most sectors in Dec
29 Dec 23 1 min read
Insights
- December 2023 sees a downturn in Poland's general business climate, with most sectors, especially manufacturing, showing decreased optimism, reports Statistics Poland.
- Except for the slightly more resilient retail trade, all sectors are below their long-term mean, indicating a pervasive cautious or negative business sentiment across industries.
The sector-specific indicators highlight the variations across industries. Manufacturing, a key sector for the Polish economy, reported a significant drop in its business climate indicator from minus 12.1 in November to minus 14.4 in December.
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Similarly, wholesale trade experienced a decline, although less severe, from minus 0.9 to minus 2.1 over the same period. Retail trade, somewhat resilient, still showed a decrease in the business climate indicator, moving from minus 0.2 to minus 1.9, Statistics Poland said in a statement.
Fibre2Fashion News Desk (KD)
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