Think tank BIEC sees revival chiefly in exports-related sectors in Poland

By bne IntelliNews October 29, 2013

Economic condition outlook indicator WWK inched up by 0.2pps m/m in October to 147.5pts, according to a report of the Office for Investments and Economic Cycles (BIEC). However, BIEC noted that the growths since June are only "very moderate," which suggests a slow economic revival.
BIEC notes that the economic upturn is taking place chiefly thanks to foreign demand, while domestic demand has not yet shown any clear-cut signs of revival. Indeed, the share of exports in GDP has continued to increase in recent years - to 46% in 2012, the analysts added.
They also pointed to stagnation (in monthly terms) of new orders, except for exports orders. Also, the level of inventories and enterprises' financial situation remained broadly unchanged from the previous month.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Protests against judiciary reform continue to rock Poland

Polish protests against the government's judiciary reforms continued for a sixth day on July 23, as crowds sought to add to pressure on President Andrzej Duda to veto the controversial bills that ... more

Czech judiciary denounces Poland's move to end separation of powers

Senior Czech judges on July 21 denounced Poland's judicial overhaul as an attack on the rule of law. With big street protests in the Czech Republic's neighbour seemingly gathering momentum – 120 ... more

Strongly profitable Czech petrochemical maker Unipetrol puts cracker explosion behind it

Unipetrol looks to have finally got over the August 2015 fire and explosion that wrecked its steam cracker, an indispensable installation in the production of ethylene feedstock needed to manufacture ... more

Most Read

  1. Wildfires hit Croatia and Montenegro’s Adriatic coast
    7 days ago
  2. STOLYPIN: Donbas continues to be as unpredictable as it is unloved
    6 hours ago
  3. Tajik president’s 23-year old daughter appointed deputy head of largest Tajik bank
    5 days ago
  4. EU allows Gazprom to use an additional 40% of OPAL gas pipeline's capacity
    1 day ago
  5. Bosnia’s ruling coalition collapses
    3 days ago
  1. CHINA RISING: When sleeping giants meet
    14 days ago
  2. Belarus’ retail king Euroopt goes on the road
    19 days ago
  3. STOLYPIN: Russia’s cyber-challenge cuts both ways
    22 days ago
  4. Siemens considers quitting Russia
    11 days ago
  5. COMMENT: Gazprom’s exit from Turkey is a sign of the times
    11 days ago

Selected articles from our premium news/views wire IntelliNews Pro

Login to IntelliNews Pro
Get IntelliNews Pro

Reports

Dismiss