Economic sentiment down in June

The forward-looking economic sentiment indicator dropped by 0.4 points m/m in June, the Bureau for Investments and Economic Cycles (BIEC) informed. It is currently 3.8 points below its last local peak recorded in January 2017. “The majority of negative signals come from the Warsaw Stock Exchange, which has been largely marginalized as a way to raise capital. Equally alarming signals are coming from the shrinking orders portfolio and the deteriorating financial state of Polish firms,” the bureau wrote in a statement.