Both the assessment of the current business situation and the prognoses for the future have worsened yet again. However, the dynamics of these changes are far weaker than a few months ago – such are the indications of the Entrepreneurs’ Optimism Index, based on a survey conducted among members of Employers of Poland.
In March 2016, the Entrepreneurs’ Optimism Index had a value of 100.6 points with regards to the assessment of the current business situation, compared to 102.8 points in February. The prognosis for the next six months also deteriorated, falling from 93.8 to 93.2 points.
Main indications of the Entrepreneurs’ Optimism Index – figures for March 2016
In March, the assessment of the business climate continued to deteriorate. The dominant view among respondents was that their situation in six months would be worse than it is now. However, the index related to the current situation remained over 100 points. Although, the tone of the recent figures is negative, the change dynamics of particular indices are much lower than in recent months, which may signal a reversal of the negative trend – which has continued for 9 months in the case of the index pertaining to prognoses – or at least a relative stabilization of subsequent figures.
Despite the fact that the values of the main indices did not change as much as before, the structure of the components changed considerably. Compared to the latest edition, the assessment of both the present and future improved in the financial sector and professional business services, while trade companies where less optimistic than in February, which contributed to a partial levelling between the aforementioned groups, March was not a good month for industry and mining, although the situation is expected to at least stabilize in the long run. Construction companies are doing better, but at the same time moods in the transport industry soured. Due to a significant drop in the assessment of both the current and the future situation in small companies in both sectors, the advantage of the smallest entities over the biggest ones in terms of optimism disappeared.
General assessment of the current business situation General prognosis for the next six months