Business tendency - August 2025



In August, both seasonally and non-seasonally general business climate indicators for most of presented types of activity point at stabilisation or improvement of the economy. Sectors that stand out negatively are transportation and storage section, where both seasonally and non-seasonally data are slightly worse than those presented a month ago as well as accommodation and food service activities section in which non-seasonally data deteriorated as compared to July.
In majority of studied areas, month-to-month level of both "diagnostic" and "forecasting" components increases or does not change.
Entities from financial and insurance activities section assess business tendency most positively[1] (plus 26.1), where value of the indicator is at a level close to the long-term mean[2] (plus 25.4). The most pessimistic assessments are made by entities operating in manufacturing (minus 5.6), where value of the indicator is below the long-term mean (plus 0.6) – by contrast, the most significant month-to-month improvement of business tendency is noted in this area.
[1] By the phrase „positive” (positive value of the indicator) we consider a situation when percentage of entrepreneurs expecting improvement of their entities’ economic situation in the next three months or observing such an improvement outweighs percentage of entrepreneurs expecting its deterioration.
[2] The long-term mean includes following time series: since 2000 for manufacturing, construction, retail trade; since 2003 for transportation and storage, accommodation and food service activities, information and communication, financial and insurance activities; since 2011 for wholesale trade.