EC: Poland's Economic Sentiment Indicator down by 1.6pts in January.

By bne IntelliNews January 28, 2011
Poland's Economic Sentiment Indicator (ESI) has worsened by 1.6pts m/m to 99.1pts in January, according to the European Commission's Directorate General for Economic and Financial Affairs (DG ECFIN). Overall, in the entire EU, the ESI remained broadly unchanged - at 105.8pts and at 106.5pts in the euro-area. After 7 months of uninterrupted improvement, the indicator stands well above its long term average, it noted. In the case of Poland, the indicator for industry was down to -12.9pts from -10.1pts a month before; in services, it amounted to 7.3pts vs. 10.2pts, respectively; in the consumer segment, it was at -21.0pts vs. -23.0pts, in retail trade - at -1.3pts vs. 0.0pts and in construction - at -29.6pts vs. -29.7pts. At the same time, the Industrial Confidence Indicator fell to -12.9pts from -10.1pts a month before. tom

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