In October, 2025 manufacturing activity increased. The industrial confidence indicator (ICI) grew by 1.4 pts. The current figure, -1.0 pts, is 3.0 pts down from the October, 2024 figure. The monthly increase in ICI was due to a drop in finished goods inventories. The balances of export orders and employment rose. Financial situation of manufacturers improved. The balance of production did not change. Producer prices slightly increased. Domestic orders declined, and opinions about general economic situation in Poland worsened. All these changes were, however, insignificant. Manufacturers are not expecting any substantial increase in their business activity in the coming months. The industry has rather been stagnant for quite a long time, and no signs of persistent recovery are evident at up to 4 months follow up.
Researchers:
Elżbieta Adamowicz, adel@sgh.waw.pl
Konrad Walczyk, kwalcz1@sgh.waw.pl