Economic climate improves in Q3 – IRG SGH

The economic climate index calculated by the Research Institute for Economic Development of the Warsaw School of Economics (IRG SGH) increased by 6.2 points year-on-year and amounted 3.2 points in Q3. 21.9 percent of the surveyed enterprises considered the general condition of their company as good, 65.7 percent respondents viewed it as average, 12.4 percent described the condition as weak. “Forecast for the development of the overall trade situation during the next six months is still positive,” the report showed.

According to the Institute, competition, employment costs and insufficient demand were the factors which limited the improvement in the situation (similarly to previous quarters).

 

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