The economic climate index in Poland reached 98.8 points in November 2023, compared to 97.1 points in the previous month, the European Commission announced
The business climate index for industry was -16.4 points compared to -17.7 points in the previous month, and for the services sector it was -4.1 points compared to -3.7 points in the previous month.
The consumer confidence index was -1.4 points compared to -4.6 points in the previous month, while the retail sales index was 0 points compared to -0.5 points in the previous month.
The economic climate index in the construction sector reached -17.8 points in November, compared to -18.8 points a month earlier.
The Employment Expectations Index (EEI) for Poland took place in November this year. 108 points compared to 106.2 points in the previous month.
How is the eurozone doing?
The economic climate index in the eurozone was 93.8 points in November this year. compared to 93.5 points in the previous month, the European Commission reported.
The market consensus was 93.7 points.
Index of employment expectations for the euro area in November this year. amounted to 102.1 points compared to 102.8 points a month earlier.
The shortage is growing
Meanwhile, the Polish state budget showed a deficit of PLN 36.42 billion, or 39.6 percent, after October this year. plan for the entire year, the Ministry of Finance announced, with estimated data. A month earlier, the deficit amounted to PLN 34.69 billion (37.7% of the plan).
Revenues from state budgets after October amounted to PLN 475.39 billion, or 79.1 percent. the plan adopted in the Budget Law for the entire year 2023. Expenditure amounted to PLN 511.81 billion, or 73.8 percent. plans for this year
In August this year the President signed an amendment to the Budget Law for 2023, which assumes state budget revenues at the level of PLN 601,378.4 million and expenditures of PLN 693,378.4 million. According to the amendment, the state’s budget deficit may not exceed PLN 92 billion.
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.
