NBP: Polish firms' situation in Q3 heralds significant economic revival

By bne IntelliNews December 20, 2013

The data and analyses concerning the financial situation of the Polish enterprise sector in Q3 of 2013 suggest a significant economic revival in this period, according to a report by the National Bank of Poland (NBP).
The positive developments in Q3 included: rising dynamics of revenue (especially in exports), improved results on sales, rising share of profitable enterprises as well as higher spending on fixed assets, the central bank notes.
Overall, revenue rose by 2.3% y/y, chiefly thanks to revenues from exports (up by 12.6%), but also higher dynamics of domestic sales, which increased in annual terms (by 0.2%) for the first time in three quarters. All in all, 54.7% of enterprises increased their domestic sales, while sales growths were reported by 59.2% of exporters.
Investment outlays grew by 5.2% y/y in Q3 of 2013, but NBP admits that their scale and range remain low. At the same time, the optimistic aspect is the fact that more and more branches have been reporting positive dynamics of investment outlays, the central bank concluded.

Related Articles

V4 leaders positive after dinner with European Commission president

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

Poland supports Turkey’s near-dead EU membership bid

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 claims there will be “no taboo” in talks with Erdogan

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