Koniunktura w przemyśle przetwórczym

Abstract

The first quarter of 2018 have begun with vague signs of recovery. The industrial confidence indicator (ICI) and the survey balances have alternately been changing up and down each quarter. The former declined by 2.5 pts in January (compared to December, 2017), and increased by 1.9 pts next month. In comparison with the November figure, however, it dropped by 2.0 pts, ICI has been swinging around the long-term average but its cyclical component slipped into downturn in the end of 2017. Firms' expectations changed in a similar way - they were more optimistic in January than one month later.(original abstract)