RIED SGH - Business survey in manufacturing

Survey results - August 2025

In August, 2025 manufacturing activity elevated. The industrial confidence indicator (ICI) increased by 5.8 pts. The current figure, 2.7 pts, is 5.0 pts up from the August, 2024 figure. The monthly rise in ICI was effected by expansion of domestic orders and expected production together with a decline in finished goods inventories. The balances of employment, financial situation of manufacturers and their opinions about general economic situation in the country increased. On the other hand, domestic and export production dropped. Manufacturers expect their business activity to grow over the next months.
 

Chart The industrial confidence indicator (ICI)

 

Researchers:
Elżbieta Adamowicz, adel@sgh.waw.pl
Konrad Walczyk, kwalcz1@sgh.waw.pl

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