Business situation in the trade sector moderately improved in the 1st quarter of 2026. The quarterly IRG SGH trade confidence indicator (IRGTRD) increased by 3.5 pts to 5.6 pts. It is 1.3 pts greater than the respective year 2025 figure, and it remains over the first quarters’ average within the last ten years (which amounts to 3.7 pts). General and financial situation of traders deteriorated. At the same time, they reduced domestic, but increased foreign purchases. Employment continued to fall, following the downward trend observed continuously over 12 quarters. Firms expect their trading activity to remain relatively stable within the next two quarters.
Researchers:
Katarzyna Majchrzak, katarzyna.majchrzak@sgh.waw.pl
Łukasz Olejnik, lolejn@sgh.waw.pl