Of the eight WWK components, two improved compared to last month's values, three remained unchanged and three deteriorated.
One of the components that in March this year The inflow of new orders to enterprises from the industrial processing sector improved. This improvement, however, is of a relative nature, as the surveyed enterprises are still dominated by companies experiencing a decline in the rate of inflow of new orders. Only the ratio of the percentage of companies experiencing a decline in orders to companies experiencing an increase has decreased. Moreover, the order index did not exceed its local maximum values from the last half-year. Therefore, it is difficult to talk about early signals of demand recovery. Moreover, the greatest improvement was recorded in the petroleum processing industry, which is a direct consequence of the increase in the prices of this raw material and therefore also of goods produced as a result of its processing.
The consequence of the weak inflow of new orders and poor results of sold production of the Polish industry is the lack of significant improvement in the financial situation of companies. It is true that the Central Statistical Office data from companies' reports on their financial results indicate a slight improvement in profitability at the end of last year, but the business climate survey for the first quarter of this year. indicate that this trend was not continued.
In March this year The mood of business managers regarding the general economic situation and the situation in their companies has significantly deteriorated. The surge of optimism recorded in January this year. was interrupted by the conflict in the Middle East.
This conflict also affected the mood of investors on the Warsaw Stock Exchange and caused a decline in the basic stock indices, which have recently been reacting to the rhythm of changes in oil prices.
