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The risk of the downturn extending to the third quarter is increasing – Entrepreneurs’ Optimism Index


August found entrepreneurs in lower spirits than the month before. Decreases in procurements and acquisitions increases the risk of the downturn extending to the third quarter – shows the most recent Entrepreneurs’ Optimism Index.


In August, the Entrepreneurs’ Optimism Index, based on polls on surveys conducted by Employers of Poland, reached the value of 104.5 points with regards to the current economic situation, compared to 106.9 in July. The prognosis of the condition of the economy in the coming 6 months is also less optimistic – it decreased from 129.5 points last month to 115.8 points in August.


After a relatively good July, August saw an increase in the number of pessimists in Polish business. A general improvement in economic condition is still noted, but it is less prominent than before. This month, companies have seen a decrease in the number of new procurements and selling prices. As a result, they are less active in acquisition and have marginally reduced employment. The assessment of current situation has dipped to the lowest level since May. The weakening of optimism with regards to the next six months is even more significant. Prolonged stagnation in the eurozone, decreased GDP growth dynamics in the second quarter and international tension have caused the entrepreneurs to be more cautious in their prognoses.


Entrepreneurs' Optimism Index - August figures



More details are available in the attached document (in Polish).