November 15, 2023

Business tendency in manufacturing, construction, trade and services in Poland– October 2023

In-depth questions about the current economic issues and the impact of war in Ukraine – assessment and expectations

In October the assessments of general business climate indicator in most of presented kinds of activities are at a slightly lower or similar level as compared to the ones presented in September.
However, a different trend can be observed in seasonally adjusted data, where in most of areas the indicator is higher than last month. In all areas, except for retail trade, the indicator is below the
long-term mean. In majority of the areas, month-to-month level of “diagnostic” components remains unchanged, whereas “forecasting” ones do not change or deteriorate.

Only entities from financial and insurance activities section (plus 16.4) as well as information and communication section (plus 12.1) assess business tendency as positive, however below
the long-term mean (plus 25.7 and plus 18.1 respectively). The most pessimistic assessments are made by entities from manufacturing section (minus 12.9) along with construction section
(minus 10.4).

In the current month – answers provided between 1st and 10th of each month – supplementary set of questions has been added to the survey. This particular set aims to additionally diagnose the impact of war in Ukraine on business tendency and raises the issue of price developments

Source: Statistics Poland
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