Since January, the Polish Economic Institute (PIE), together with Bank Gospodarstwa Krajowego, conducts a survey among enterprises called Monthly monitoring of enterprises, the effect of which is the determination of the Monthly Index of the Economic Climate. This is a new measure that determines the level of corporate sentiment. MIK consists of several components – such as sales value, number of new orders, assessment of financial liquidity, production capacity, investments, or issues related to the labor market. With the help of appropriate algorithms, a synthetic measure is created – every month it shows the level of the economic situation according to entrepreneurs.
“The neutral reading was taken at the level of 100. This means that lower values indicate an advantage of negative moods, while higher values indicate similarly a predominance of positive moods. The index is measured by the size of enterprises – i.e. micro, small, medium, and large enterprises and by industry: construction, trade, services, production, and TSL - Transport, Forwarding, Logistics. Since the start of the measurements, the index has constantly taken values below the neutral reading,” Katarzyna Dębkowska, head of the economic foresight team of the PIE, reported.
“Only in the latest survey, carried out at the turn of May and June, did the moods improve and the Monthly Business Climate Index finally reached the level above 100. The higher sentiment of enterprises was directly influenced by the pandemic situation in the country that changed in their favor. The impact was exerted by the unfreezing of the economy, the lifting of restrictions and covid restrictions, and the decrease in the number of cases,” Dębkowska said.