Economic Sentiment Indicator rose in April

The Economic Sentiment Indicator (ESI) for Poland rose by 1.6 points month-on-month, and stood at 100 points in April, the European Commission estimated. The indicator for industry grew by 0.3 p. to -11.5 p. m/m, for building industry declined to -24.7 p. from -24.1 p. The ESI for consumption rose to -10.1 p. from -14.1 p., for retail sales stood at -0.3 p, compared with 1.1 p. in March. The indicator for services increased by 0.4 p. and stood at -0.3. The Economic Sentiment Indicator (ESI) is a composite indicator made up of five sectoral confidence indicators with different weights: Industrial confidence indicator, services confidence indicator, consumer confidence indicator, construction confidence indicator and retail trade confidence indicator.