Last month, Poland saw a general improvement in the industrial economy, but this was mainly due to the activities of private enterprises.
A study by the Institute of Economic Development of the Warsaw School of Economics showed that the economic situation in the Polish manufacturing industry improved in February 2024. The value of the economic situation indicator (IRGIND) is 2.9 points, up 7.3 points from January and 11.5 points more than a year ago.
The SGH study reported that only private enterprises recorded an improvement in the economic situation, for which the index value is 2.6 points, and within a month it increased by 8.5 points, and within a year by as much as 12.5 points. In turn, the public sector saw a deterioration in the economic situation, and its index reached 5.9 points, which is 5.7 points lower than a year ago.
The forecasts for the coming months are optimistic – companies expect an increase in economic activity. The values of the forecast balances are positive. The improvement in the economic situation is almost universal. It was noted by producers of: semi-finished products, investment goods and durable consumer goods
– written in the report.
The deterioration of the economic situation concerns producers of non-durable consumer goods, as well as companies employing more than 500 people and plants operating in the macroregions: central, southern and south-western. The study indicated that producer prices increased and inventories of finished products decreased, and the financial situation of companies worsened. This translated into the mood of managers of such companies, because their opinion on the general economic situation in the country also slightly decreased.