15:22 10 June 2024
Study: situation in Polish processing industry deteriorated in May
In May, the economic sentiment in the Polish manufacturing sector worsened, according to a study by the Institute for Economic Development SGH. The IRGIND index value was -4.7 points, 0.7 points lower than April but 6.5 points higher than the previous year. Private sector sentiment decreased to -7.6 points, with a monthly drop of 2.3 points and a yearly increase of 3.0 points. However, there was an improvement in the public sector, with the index rising by 18.3 points to 23.8 points, significantly higher than the previous year.
Forecasts for the upcoming months are moderately optimistic, though private enterprises are less optimistic. Changes in balance sheet values were varied, with declines in export orders, financial situations, and overall economic assessments domestically. Despite positive yearly trends, the impact of cyclical factors is weakening.
