PMR Online access    |   tel. +48 12 340 51 00    |   E-mail: info@pmrcorporate.com
 


 

Lewiatan Business Index slips in March


2011-04-06



The annual PKPP Lewiatan Business Index shed two points in March to stand at 53 points, the Polish Confederation of Private Employers (PKPP) Lewiatan announced. At the same time, the quarterly index gained three points to 49. The narrowing of the gap between the annual and quarterly indeces suggests a more even pace of economic growth throughout 2011, PKPP experts commented.

According to the Confederation, the improvement in the quarterly index reflects robust performance from industrial output and retail sales, which continued their strong upward trend in Q1 in defiance of market expectations; as well as resilient exports. In general, there were no signs of weakening activity compared with Q4 2010, with domestic demand still supported by a steadily rising wage bill. Furthermore, a rebound in investment is expected in the coming months, as companies finally step up capex activity after two years of caution. This appears all the more likely in view of the state of corporate finances, which improved even further in Q1 after posting record-high profits in 2010.

However, several causes for concern remain, notably high commodity prices, political instability in key parts of the world, and rising unemployment. Nevertheless, PKPP Lewiatan expects that GDP growth will remain at least at year-ago levels in the coming quarters.

The PKPP Lewiatan Business Index is constructed on the basis of market prognoses prepared by Poland’s leading economists for the current quarter, half year and full year. It is measured on a 100-point scale, where a score of 50 corresponds to an economic growth forecast of around 4% of GDP annually.



Browse and search in our archive »


subscribe to PMR RSS NEWS channelsSubscribe to PMR RSS NEWS channels »




Free monthly e-letter containing latest news, analyses and business information on economic situation in Poland, Russia, Bulgaria, Czech Republic, Hungary, Romania, Slovakia, Ukraine, Kazakhstan.
Relevant news
 

Useful links         Privacy Policy
Copyright © 2018 PMR. All rights reserved.

PMR is a British-American company providing market information, advice and services to international businesses interested in Central and Eastern Europe as well as other emerging markets. PMR key areas of operation include business publications (through PMR Publications), consultancy (through PMR Consulting) and market research (through PMR Research). With over fourteen years of experience, high international standards in projects and publications, highly skilled multilingual staff and a wide network of co-operating research companies and market experts, PMR is one of the largest companies of its type in the region.