Economic condition outlook indicator WWK decreased by 1.4pps m/m in June to 152.8pts, according to a report of the Office for Investments and Economic Cycles (BIEC). The indicator has been in an upside trend since the autumn of 2012, heralding gradual economic revival, it added.
However, BIEC stressed that the recovery was still in an stage, accompanied by weak domestic and external demand as well as strong price competition. The analysts noted that due to a 1.5-year-long period of PPI deflation, enterprises' revenue is growing less rapidly than production costs. This translates into delayed profits, prompting firms to put off investments and job creation, BIEC concluded.
The analysts also pointed to the second month of new orders' limitation (in the case of both export and domestic orders) as the most worrisome factor. They also underlined that entrepreneurs are slightly less optimistic as for economic outlook than a month before.
Related Articles
Poland signs €200mn deal with ICEYE for reconnaissance satellites
Poland will acquire three synthetic aperture radar (SAR) satellites under a €200mn agreement with Polish-Finnish satellite operator ICEYE, the company said on May 14. The contract comes in the ... more
Erste Group buys 49% of Santander’s Polish unit for €6.8bn
Erste Group acquired a 49% stake in Santander’s Polish bank for approximately €6.8bn, the Austrian lender said on May 5. The Austrian bank, the country’s largest, also agreed to purchase 50% ... more
Santander reportedly weighing sale options for its Polish unit
Banco Santander may offload part or all of its holding in Santander Bank Polska, people “familiar with the matter” told Bloomberg on April 8. The considerations come as Spain’s largest ... more