BIEC: Business Leading Index drops by nearly 2 pts

The Business Leading Indicator (WWK), informing in advance about future trends in the economy, dropped by nearly 2 points in September 2019, compared to the previous month, the Office of Investment and Economic Cycles (BIEC) said.
“It was the largest one-off decline in nearly four years,” the BIEC wrote.
According to BIEC, despite the significant role of domestic demand in the current growth, in particular the key role of individual consumption, the Polish economy is not quite resistant to the weakening of the economic situation in its immediate environment. Moreover it has been becoming less and less competitive for at least two years in the global markets, mainly due to the rising costs of doing business and the low dynamics of private sector investment.
(PAP)