Business situation in the trade sector moderately improved in the last quarter of 2025.
The IRG SGH trade confidence indicator (IRGTRD) quarterly increased by 2.1 pts to 2.1 pts. It is 2.6 pts higher than the respective year 2024 figure; it also remains over the fourth quarters’ average within the last ten years (which amounts to -5.5 pts). At the same time, their domestic and foreign purchases increased. However, the general and financial situation of traders deteriorated. Employment continued to decline; current observations follow a downward trend that has been observed continuously for 13 quarters. Firms expect their trading activity to remain stable within the next two quarters.
Researchers:
Katarzyna Majchrzak, katarzyna.majchrzak@sgh.waw.pl
Łukasz Olejnik, lolejn@sgh.waw.pl
.