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


 

Lewiatan Business Index falls in June


2012-07-06



The annual PKPP Lewiatan Business Index shed two points to stand at 38 points in June, its lowest level in two years, the Polish Confederation of Private Employers (PKPP) Lewiatan announced. The quarterly index dropped by four points to 40.

In its commentary, the Confederation notes that having remained relatively stable for the past several months, the indices have now taken a clear downward path, signalling that the global economic slowdown is finally spreading to Poland. The pace of economic growth slowed down already in Q1 amid weaker domestic and external demand. Industrial output has been in a downward trend since the beginning of 2012 (despite a certain improvement in May), due in large part to weakness in export orders, particularly in the country's main export industries. Meanwhile, spending cuts implemented during the last few quarters have hit public consumption and private spending has also come under pressure in recent months as the wage bill began to shrink in real terms.

According to PKPP Lewiatan, these trends are likely to continue in the coming quarters. Domestic demand is set to decelerate in the second half of the year as Euro 2012-related and EU-supported public infrastructure projects are finished and with business investment unlikely to pick up the slack in an unfavourable fiscal and monetary policy environment.

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.

Lewiatan Business Index in Poland, June 2011-June 2012



Browse and search in our archive »


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




 

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.