The economic climate index (ESI) in Poland reached 97 points in October 2023, compared to 95.6 points in the previous month, the European Commission announced.
The business climate index for industry was -17.8 points compared to -18.5 in the previous month, and for the services sector it was -3.7 points compared to -5.4 points in the previous month.
The consumer confidence index was -4.6 points compared to -4.7 points in the previous month, while the retail sales index was -0.7 points compared to -1.5 points in the previous month.
The economic climate index in the construction sector reached -19.1 points in October, compared to -19.9 points a month earlier.
The Employment Expectations Index (EEI) for Poland took place in October this year. 98.2 points compared to 98.6 points in the previous month.
What is the situation in the eurozone?
In turn, the economic climate index in the eurozone stood at 93.3 points in October this year. compared to 93.4 points in the previous month. The market consensus was 93 points.
Employment Expectancy Index (EEI) for the euro area in October this year. amounted to 102.8 points compared to 102.9 points a month earlier.
Inflation. The Central Bureau of Statistics has released the final data for September
According to the Central Bureau of Statistics, inflation was 8.2 percent on an annual basis and was in line with the flash estimate presented by the Central Bureau of Statistics at the end of last month.
“Currently, with inflation falling rapidly and at the same time the economic situation deteriorating, including in the case of our major trading partners, the NBP does not hesitate to adjust the interest rate level to the conditions of the domestic economy. Of course, taking into account that the primary goal of monetary policy remains a permanent reduction in inflation towards the medium-term target,” Glapiński wrote in an article published in the Financial Times.
In turn, the average gross monthly salary in the national economy increased nominally by 12%. y/y in 2022 and amounted to PLN 6,362.9, the Central Bureau of Statistics reported.
Source: Do Rzeczy
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
