Survey results - September 2025
In September, 2025 manufacturing activity declined. The industrial confidence indicator (ICI) decreased by 5.1 pts. The current figure, -2.4 pts, is 0.7 pts down from the September, 2024 figure. The monthly fall in ICI was due to a drop in foreign orders and expected production, and to a rise in finished goods inventories. The balances of employment and financial situation of manufacturers also decreased. Despite the worsening of business activity manufacturers reported that general economic situation in the country had improved, and they expect their business situation to get better in the coming months
Researchers:
Elżbieta Adamowicz, adel@sgh.waw.pl
Konrad Walczyk, kwalcz1@sgh.waw.pl
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