BIEC: Economic sentiment increases
12:37
The leading indicator of economic sentiment (WWK) in Poland, estimated by the Bureau for Investments and Economic Cycles (BIEC) increased by 1.5 points in January on a monthly basis, recording the highest one-off growth in the last 12 months.
"This improvement cannot presage acceleration of economic development, because it has happened too briefly, and both external and internal conditions are not conducive to a sustainable upturn," the BIEC said in a statement.
The BIEC stressed that "the situation on the Warsaw bourse seems to be the least optimistic," as the WIG index has fallen over 12 percent throughout the last year and in comparison to its last local peak - by some 19 percent.
Of eight components of the indicator, four have improved, two have worsened and two have remained flat, compared with the previous month, just like in December.
