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Poles suffer from this. This is the highest rate in Europe
The general business climate indicator on a monthly basis (according to seasonally unadjusted data) improved in 5 industries, worsened in 2, and did not change in one in comparison to June this year. The greatest increase was recorded in information and communication – the indicator increased from 8.9 in the previous month to 11.1. In turn, the largest decline is visible in accommodation and catering (from 11.4 a month ago to 8.1 currently) – analyzes the National Chamber of Commerce.
On an annual basis, indicators improved in most industries. The largest increase (from minus 1.5 in July last year to 8.1 currently) occurred in accommodation and catering. Indicators (slightly) worse than a year ago were recorded only in information and communication (from 11.2 a year ago to 11.1 now).
According to the July survey, 4 industries (3 months ago) – information and communication, finance and insurance, accommodation and catering, wholesale trade – record a positive level of the general economic climate indicator (not seasonally adjusted). This means that in the indicated industries, the percentage of entrepreneurs expecting an improvement in the economic situation in the next three months or observing such an improvement outweighs the percentage of entrepreneurs expecting a deterioration.
In July 2024, the economic climate indicator (not seasonally adjusted) for individual areas of the economy was as follows:
- industrial processing – the business climate index (minus 9.8) is better than a month ago (minus 10.1) and better than a year ago (minus 14.0);
- construction – the indicator (minus 2.2) is better than a month ago (minus 2.7) and better than a year ago (minus 7.9);
- wholesale trade – the indicator (0.1) is better than a month ago (minus 1.5) and better than a year ago (minus 1.8);
- retail trade – the indicator (minus 1.4) is at the same level as last month and better than a year ago (minus 2.3);
- transport and storage – the indicator (minus 3.3) is worse than in June (minus 0.3) and better than last year (minus 3.8);
- accommodation and catering – the indicator (8.1) is worse than a month ago (11.4) and better than a year ago (minus 1.5);
- information and communication – the indicator (11.1) is better than a month ago (8.9) and worse than a year ago (11.2);
- finance and insurance – the indicator (21.4) is better than a month ago (19.9) and better than a year ago (18.8)
