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


 

BIEC: economic climate dips in February


2012-02-27



The Leading Indicator (WWK), which provides information on future trends in the economy, shed one point in February, the Bureau for Investments and Economic Cycles (BIEC) reported. According to the Bureau, current trends suggest a stabilisation of economic growth in Poland at around last year’s levels, with the likelihood of a slight slowdown in the second half of the year.

In its commentary the BIEC notes that many of the eight component indicators of the WWK have hovered around the same values since last year, with no strong upward or downward tendencies, and that the changes observed in February were similarly marginal in most cases. Three sub-indicators improved during the month while five deteriorated, the same as in January. The positives include an improvement in managers’ assessments of the financial health of their companies, a rise in labour productivity in the manufacturing sector, and better sentiment on the Warsaw Stock Exchange. The negatives include a markedly slower inflow of new orders in the manufacturing sector, weaker demand for bank loans among Polish households, a rise in inventories of finished goods, or bleaker views on the outlook for the domestic economy.

Poland’s companies and households appear to have accepted the new environment characterised on the one hand by the relative strength of the Polish economy and on the other by persisting turbulence and uncertainty in the global economy; as a result, their perceptions of economic developments have become less dramatic, the Bureau concludes.

The WWK is a prognostic instrument. It is a measure of the current state of economic activity and provides advanced information on upturns and downturns in economic activity in relation to GDP as well as data on production, retail sales, wages and household incomes. The average prognostic timeframe of the WWK index in relation to the actual state of economic affairs ranges from 3 to 12 months, depending on the phase of the economic cycle.



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.