Poland: Regional Business Sentiment Improves in August, but Labour Costs Remain a Key Barrier

5 September 2025

Business sentiment across Poland’s regions improved in August 2025 compared with the same month a year earlier, according to the latest Business Tendency Voivodship Report published by the Statistical Office in Zielona Góra. The Regional Business Climate Indicator (R-BCI) rose in most sectors, particularly in accommodation and catering, transportation and storage, and information and communication.

On a year-to-year basis, 10 voivodships reported stronger conditions in accommodation and catering, while nine noted improvements in transport, storage, and ICT. Manufacturing sentiment improved in seven voivodships, and six reported gains in construction and both wholesale and retail trade. Month-to-month, sentiment was strongest in manufacturing, trade, and ICT, though in most other sectors it weakened.

Despite the more positive outlook, many firms continued to cite barriers to activity. High labour costs were the most frequently mentioned constraint, especially in construction and accommodation. Economic uncertainty was also widely reported, particularly by companies in transport, storage, and wholesale trade. High fiscal burdens remained a challenge in several sectors.

Investment expectations showed moderate optimism. Most entrepreneurs forecast stable investment levels compared to last year, especially in ICT. Where changes were expected, reductions in spending were more common than increases. Investment plans for 2025 are focused mainly on machinery and technical equipment in manufacturing and construction, transport assets in logistics, and IT equipment and staff training in the information and communication sector.

While sentiment varied by region, accommodation and catering stood out with positive forecasts in nine voivodships, contrasting with the more cautious outlooks elsewhere. Overall, the report suggests that while Poland’s business climate is improving, structural challenges and cost pressures continue to weigh on enterprises.

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