Poland: Economic sentiment declines in January
Latest reading: Economic sentiment fell to 97.1 in January, down from December’s 99.1. January’s result marked the weakest sentiment since September 2023. Consequently, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected weaker sentiment in the construction and retail sectors. Moreover, confidence in the services sector weakened. More positively, January saw stronger consumer confidence and improved sentiment in the industrial sector.
Relating to indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index increased in January.