Pengab banking index down in October

The Pengab indicator, which measures the conditions in the banking industry, fell by 2.3 points month-on-month to 22.8 points in October, according to data quoted by ISBnews. In October last year, the indicator registered 25.6 points. The assumptions component of the Pengab index grew by 1.9 points to 21.1 in October, while the forecast component fell by 6.4 points to 24.6. “Despite the fact that a decline in optimism was observed in the past quarter, the situation in the banking sector is viewed as favorable,” said Marcin Idzik from TNS Polska.