BIEC: Economic sentiment drops in March

The leading indicator of economic sentiment (WWK) in Poland estimated by the Bureau for Investments and Economic Cycles (BIEC) decreased by 1.4 points and stood at 169.3 points in March. “This drop was mainly caused by the decreases on the Warsaw Stock Exchange and the reduced inflow of new orders to enterprises, the current decline does not change the economic upturn observed since autumn 2016. However, nowadays entrepreneurs have to face problems that in the future, this increase may strongly. This mainly concerns the shortages of the workforce, both skilled and non-skilled workers The problem of staff shortages could be at least partially reduced by investing in modern generation capacities. However, the prospect of increasing private sector investment outlays is not optimistic,” BIEC analysts wrote.