Economic growth may lose momentum - BIEC

The forward-looking economic climate indicator calculated by the Bureau for Investments and Economic Cycles (BIEC) inched up by 0.5 points month-on-month in July, according to data quoted by the Polish Press Agency. Though the indicator did grow slightly, it is still below the peak level achieved in April 2013, BIEC said. Some factors contributing to the index are signaling that economic growth could be losing momentum, the analysts added.