Business tendency in manufacturing, construction, trade and services - April 2023
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In April the assessments of general business climate indicator in all of presented kinds of activities are at a higher level as compared to the ones presented in March this year. In all areas, except for retail trade, it is below the long-term mean[1]. In majority of the areas, the level of "diagnostic" components is similar as in March, while all the "prognostic" ones improve.
Only entities from financial and insurance activities section (plus 16.8) along with information and communication section (plus 12.2) assess business tendency as positive[1], however below the long-term mean (plus 25.9 and plus 18.2 respectively). The most pessimistic assessments are made by entities from construction section (minus 12.5) as well as manufacturing section (minus 10.8).
In the current month – answers provided between 1st and 10th of each month – supplementary set of questions has been added to the survey. This particular set aims to additionally diagnose the impact of war in Ukraine on business tendency and raises the issue of price developments (results in table 2).
[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.
[1] Long-term mean (arithmetic mean for each general business climate indicator) covers time series since 2000, apart from services (since 2003) and wholesale trade (since 2011).
