Poland: Economic sentiment rises to over one-year high in October
Economic sentiment rose to 97.0 in October from September’s 95.6. October’s result marked the strongest sentiment since May 2022. As a result, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected healthier sentiment in the industrial sector and improved sentiment in the construction sector. Moreover, confidence in the services sector was healthier in October, while sentiment in the retail sector was up in the surveyed month. Finally, consumer confidence increased in October.
Relating to indicators that are not used to calculate the index, employment expectations deteriorated, while the economic uncertainty index improved in October.