Manufacturing industry shows signs of improvement in March

The economic situation index in the manufacturing industry for March 2018 improved due to improved sentiment in the private sector, results from a study from the Institute of Economic Development (IRG) at the Warsaw School of Economics show. The general business climate indicator in the manufacturing industry increased by 1.3 points up to 2.5 points. However, it is 5.3 points lower than last year. "The growth in the index value was recorded only by private companies. Information regarding public companies showed a decline in value," the study read. The IRG reports that the differences in the ratings between private and public companies are deepening. "Expectations for the coming months for both private and public companies are moderately optimistic. Due to the positive impact of seasonal factors, we should expect a further improvement in the economic situation," it said.