Economic Sentiment Indicator drops in July

The Economic Sentiment Indicator (ESI) for Poland, calculated by the European Commission, dropped to 103.5 points in July, down by 0.5 point m/m. In industry, the ESI remained unchanged at -8.2. In services it grew by 0.1 points m/m to 1.9 points. In the construction sector, the indicator was at –17.8 points compared to -17.9 in June. In retail trade, it was 5 points decreasing by 0.7 point m/m. The consumer sentiment component of the ESI stood at -5.5 points in July compared to -4.8 the month before.