The economic situation is not improving

Pessimism continues to prevail in the majority of companies in Poland. There are two sectors highlighted by the Central Statistical Office (GUS) as exceptions. Officials point out that since the second quarter of 2022, there has been a slight but consistent upward trend in the barrier of insufficient demand for goods and services.

Business sentiment indicators in all areas, except for retail trade, are below the long-term average. The most pessimistic assessments come from entities in the industrial processing and construction sectors.

Significant influences of seasonal fluctuations are evident in the accommodation and gastronomy sector, where the barrier of insufficient demand has seen the most significant increase in importance as a hindrance to business activities.

(Business Insider)