In December, 2024, the industrial confidence indicator (ICI) increased (in comparison to November) by 7.0 pts to -4.2 pts. It is now 3.6 pts up from the December, 2023 figure. An increase in December is unusual since typically business activity in the manufacturing industry is on the decline. All the three components of ICI contributed to its growth: the rise in total orders by14.1 pts, the expected increase in production by 6.5 pts and the decrease in finished goods inventories by 0.6 pts. Manufacturers also reported an increase in current production and employment. Their financial situation improved. They expect manufacturing activity to continuously growing in the coming months.
Researchers:
Elżbieta Adamowicz, adel@sgh.waw.pl
Konrad Walczyk, kwalcz1@sgh.waw.pl