Mood indicator in Polish economy up, but inflation expectations as well
21:37
The economic sentiment indicator (ESI) in the Polish economy increased to 75.6 points in August from 68.2 points in July, according to published data from the Directorate-General for Economic and Financial Affairs (DG EcFin) of the European Commission.
According to DG EcFin, the economic climate in Polish industry in August was minus 20.9 points against minus 23.4 points in July.
The Economic Sentiment Indicator (ESI) consists of indications for industry (40 percent), services (30 percent), consumers (20 percent), construction and retail (5 percent each). Level 100 points corresponds to the long-term average of the ESI (from 1990).
At the same time, the EC announced that the index of consumer inflation expectations in Poland in August increased to 47.1 points from 43.5 points in July. The respondents are asked how they think prices will develop in the next 12 months.
