Index of economic activity in November lowest this year
14:35
The Monthly Business Climate Index (MIK) in November fell 5.0 points from October to 89.7 – PIE reported. The November value of the MIK is the lowest reading in 2022, it added.
The Monthly Index of Sentiment (MIK) is an indicator that examines the mood of Polish businesses. It was developed by the Polish Economic Institute in cooperation with Bank Gospodarstwa Krajowego. The neutral level of the MIK is 100 points. A score above this value indicates an improvement in the business climate, while a score below it indicates a deterioration.
"This is the fourth consecutive month in which the MIK is below the neutral level (100.0), which means the predominance of negative sentiment," PIE reported.
