Business tendency in manufacturing, construction, trade and services - July 2024
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Indicators released in July show overall stabilisation of the economic situation. The assessments of both seasonally and non-seasonally adjusted general business climate indicator for most of presented kinds of activities are in fact at a similar or slightly higher level as compared to the ones presented in June. The situation positively stands out in information and communication section as well as wholesale trade, where business tendency is assessed better than in the previous month, however in transportation and storage section it is evaluated more negatively. In majority of studied areas, month-to-month level of "diagnostic" as well as "forecasting" components does not change or improves.
Entities from financial and insurance activities section (plus 21.4) assess business tenden-cy most positively[2], however below the long-term mean (plus 25.5). The most pessimistic assessments are made by entities from manufacturing section (minus 9.8).
In the current month – answers provided between 1st and 10th of each month – supplementary set of questions regarding the impact of war in Ukraine on business tendency as well as price developments has been added to the survey (results in table 2).
[2] 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.
