Monthly Economic Sentiment Index drops 5.8 points in December

The Monthly Economic Sentiment Index (MIK) measuring business sentiments in Poland dropped by 5.8 points to 98.1 points in December 2023, according to a study by the Polish Economic Institute and Bank Gospodarstwa Krajowego. It marks the ninth MIK reading in 2023 where the business sentiment index is below the neutral level (100.0), indicating a prevalence of negative moods among entrepreneurs.

The decline in December was attributed to negative assessments in components such as sales value, new orders, investments, and production capacities. While wages, financial liquidity, and employment exceeded 100.0 points, only wages showed a month-on-month improvement. Industries like services, production, and trade exhibited positive sentiments, while the transportation sector remained negative despite a slight month-on-month increase.

Source: obserwatorfinansowy.pl