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.

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

Dismiss