In May, 2025 the industrial confidence indicator (ICI) increased for the third time in a row. The current figure, -0.2 pts, is 3.1 pts up from the April figure. The year-over-year change is 4.2 pts. Hence, seasonal and cyclical factors are continuously acting. The main contribution to the rise in the indicator was made by an increase in orders. Manufacturers raised production and employment. Their financial situation improved, together with their opinions about general economic situation in Poland. Selling prices and finished goods inventories declined. On the whole, the increase in manufacturing activity in May is considered significant since the growth of the key survey balances was substantially above the average. Producers are staying optimistic about their business prospects in the near future.
Researchers:
Elżbieta Adamowicz, adel@sgh.waw.pl
Konrad Walczyk, kwalcz1@sgh.waw.pl