17:18 9 July 2024
IRG SGH: Polish processing industry dips in June
In June 2024, for the third consecutive time, economic conditions in the manufacturing industry worsened, according to a study by the Institute for Economic Development at SGH.
The IRGIND index value was -5.8 points, decreasing by 1.1 points from May 2024 and by 4.6 points y/y. Both the private and public sectors experienced declines, with the private sector index at -8.7 points, down 1.1 points monthly and 6.4 points annually. The public sector index decreased by 7.6 points to 16.2 points, though still 1.7 points higher than a year ago.
Survey participants hold moderately optimistic expectations for improvement in the coming months, despite varied monthly changes in the balance sheet values reflecting production volumes, domestic and export orders, financial situations, overall economic conditions, producer prices, and employment.
