Enterprises surveyed by the National Bank of Poland (NBP) in March do not expect any acceleration of the current economic revival in Q2 of 2014, but they deem a significant improvement in the economic situation will come near the end of 2014, according to a survey based on a poll among 1371 firms from all sectors of the economy.
The indicator on forecasts of enterprises' economic situation (seasonally adjusted) fell by 4.6pps q/q to the level equal to its long-term average, i.e. by 3.5pps above the level of Q1 of 2013, the central bank reported
It also noted that the slight worsening of current assessments may be partly attributed to a correction of overly optimistic assumptions from the previous quarter and partly - to a rise of anxiety related to the development of the Ukrainian-Russian crisis.
Nonetheless, the enterprises' sector situation has been gradually improving and longer-term forecasts are also better than in previous quarters, the central bank concluded.
The survey also showed that enterprises are more eager to start new investments than in the previous quarter, albeit the pace of investors' confidence improvement is weaker than in Q4 of 2013. The new investments indicator grew by 0.6pps q/q and by 1.8pps y/y to 22.6%, but is still below its long-term average.
NBP also reported that among the polled firms, 12.7% declare they plan to increase their workforce in Q2 of 2014, while 10.0% plan layoffs.
The head of the European Commission Jean-Claude Juncker held talks with leaders of the Visegrad Group at a nearly three-hour dinner on October 19. The dinner on the eve of the EU summit was ... more
Turkish President Recep Tayyip Erdogan received a warm welcome from his Polish peer Andrzej Duda on October 17, as Warsaw said it supported Ankara’s formally ongoing bid to become a member of the ... more
Poland will skip no touchy topics in talks with President Recep Tayyip Erdogan, visiting Warsaw on October 17, the office of President Andrzej Duda said ahead of the visit by the Turkish leader, ... more