Koniunktura w przemyśle przetwórczym

Abstract

After a huge slump in manufacturing activity int the 2nd quarter, effected by the COVID-19 pandemic, the industry rebounded. Each month of the 3rd quarter brought about increases in the industrial confidence indicator (ICI) and the survey balances. We are dealing with so called 'the base effect', i.e. a relatively high growth of the indicators that resulted from record low levels reported in the previousquarter.ICI increased by 10.6 pts in June (as compared to May), and another 7.4 pts in July. In August the indicator grew again, however, by 0.3 pts only. It is -11.6 pts now, which is 18.3 pts up from theMay figure but 2.9 pts down from the figure recorded one year earlier. It seems that the declining tendency which has been lasting for more than 3 years is about to end, and the manufacturing industry is going to reach a trough. Manufacturers expect business situation to continue improving over the next months.(original abstract)